USDOLLAR Erases Drop from 4/27; Channel Resistance is Higher
10 May 2016 17:30, GMTDaily
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-Last week’s sharp reversal could be the beginning of a bigger rally but it’s too early to tell. Either way, an internal channel is influencing on both sides of the market and resistance from that channel (as well as a steeper short term channel) is higher.
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