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USDOLLAR – In Trouble While below 12000

USDOLLAR – In Trouble While below 12000

2016-08-23 19:36:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USDOLLAR – In Trouble While below 12000

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-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 and I maintain that price action since Q1 2015 could compose a massive top with no decent support until the low 1100s.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

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