U.S. Markets closed

USDOLLAR Consolidation Going on 2 Weeks

Jamie Saettele, CMT

Daily

eliottWaves_us_dollar_index_body_Picture_1.png, USDOLLAR Consolidation Going on 2 Weeks

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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


-USDOLLAR consolidation is now 9 days long. The break will determine the next move. Measured levels would be about 10745 and 10520.


-A higher low is in place at 10535. Look higher towards 10708 and 10757 as long as price is above 10535.


Trading Strategy: Long against 10535.


LEVELS: 10535 10566 10594 | 10638 10669 10708


--- 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




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.