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USDOLLAR Regains Footing; Possible Resistance Near 10690

Jamie Saettele, CMT

Daily

eliottWaves_us_dollar_index_body_Picture_1.png, USDOLLAR Regains Footing; Possible Resistance Near 10690

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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-The USDOLLAR reversed sharply on Friday. Monday’s close beneath the 12/27 low opens up the door for lower prices. The measured target from the 10631-10728 range is 10534, which is in line with the 11/20 low at 10535. However, failure to follow through on the downside today (Tuesday) warns of a false move.



Trading Bias: Flat


LEVELS: 10535 10594 10631 | 10668 10696 10726


--- 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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