USDOLLAR Reverses Sharply; Trendline is Just Below
Daily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader and see ideas on other USD crosses
-USDOLLAR has dropped into (and held) 10385. This was estimated support from October 2013 although a more important zone is defined by the June 2012 high and October 2013 low at 10323/55.
-The top of the zone is also home to the line that extends off of the 2011 and 2012 lows and downward sloping channel support.
LEVELS: 10275 10313 10355 | 104271045510495
--Trading specifics (setups with entries, stops, targets) are available to J.S. Trade Desk members.
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.
