USDOLLAR 8 Days Down; 2/7 High is the Line in the Sand

Jamie Saettele, CMT

Daily

eliottWaves_us_dollar_index_body_Picture_1.png, USDOLLAR 8 Days Down; 2/7 High is the Line in the Sand
eliottWaves_us_dollar_index_body_Picture_1.png, USDOLLAR 8 Days Down; 2/7 High is the Line in the Sand

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses


-USDOLLAR dropped below 10619 intraday. The market remains confined within a short term downward sloping channel but the break of the December / January range portends weakness.


-Near term focus is on 10535/65. The 2/7 outside day high is an objective line in the sand for trend.


LEVELS: 10493 10565 10596 | 10649 10678 10691


--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.



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