USDOLLAR Break Would Expose March and April Highs
Daily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Interested in automated trading with Mirror Trader
FOREXAnalysis: The 6/19 close (FOMC day) continues to act as support. Price is just 2 days removed from a multi-month low so it’s premature to call an important turn but price holding support is a good sign. Failure to hold here would shift focus to the March-April tops at 10586 (close to 6/6 close as well).
FOREX Trading Strategy: Flat
LEVELS: 10517 10586 10644 10705 10760 10803
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
To contact Jamie e-mail jsaettele@dailyfx.com. Follow me on Twitter for real time updates @JamieSaettele
Subscribe to Jamie Saettele'sdistribution list in order to receive actionable FX trading strategy delivered to your inbox. Jamie is the author of Sentiment in the Forex Market.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.
