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USDOLLAR Slope Comes to the Rescue

Jamie Saettele, CMT

DailyFX.com -

Daily

USDOLLAR Slope Comes to the Rescue
USDOLLAR Slope Comes to the Rescue

Chart Prepared by Jamie Saettele, CMT

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

-“The push above the line that extends off of the April-June high negates anything bearish. Watch for support at 11970. A drop below 11918 (treated as the breakout day low) would indicate that this breakout was ‘false’. There is a warning sign from divergence with gold.”

-The USDOLLAR dropped sharply into a line that has been support at many important lows since the all-time low in 2011. Failure to hold here opens up 11550.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

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