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USDOLLAR Near-Term Action Suggest Year End Bull Run

Jamie Saettele, CMT

Daily

eliottWaves_us_dollar_index_body_Picture_1.png, USDOLLAR Near-Term Action Suggest Year End Bull Run

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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


-“USDOLLAR broke lower from consolidation on Tuesday but completely retraced the move on Wednesday. Such action is typical of false breaks.”


-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 10577 10615 | 10669 10708 10773


--- 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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