USDOLLAR Slips from 50% Retracement of Recent Decline
Chart Prepared by Jamie Saettele, CMT
-Recent comments on the USDOLLAR have noted that “despite the surge post Brexit, price action since March 2015 may compose a major top. Resistance extends up to the year open at 12139 and April 2015 high at 12162.” The index has rolled over from a key level from a trendline perspective. Price action since the first quarter could compose a massive top. For more, watch this video and this video.
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