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USDOLLAR 7/11 Proves too Much; Back at Trendlines

Jamie Saettele, CMT


eliottWaves_us_dollar_index_body_usdollar.png, USDOLLAR 7/11 Proves too Much; Back at Trendlines

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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FOREXAnalysis: The USDOLLAR is back at a trendine/channel confluence. If 10652 fails to hold, then there is nothing in the way of support until the April high at 10586.

FOREX Trading Strategy: Flat

LEVELS: 10586 10644 10680 10715 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

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