Thursday, May 29, 2014

USDOLLAR Former Resistance Serves as Support




Daily


USDOLLAR Former Resistance Serves as Support


Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0



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



-The push above trendline resistance is a positive development that sets the path higher against 10435. 10560/70 is probably an area of contention. This zone is defined by the 50% retracement of the 2014 range and 200 DMA.



-10445/55 is seen as support if 10495 fails to hold.



LEVELS: 104451048310496 | 105321056410573



–Trading specifics (setups with entries, stops, targets) are available to J.S. Trade Desk members.





USDOLLAR Former Resistance Serves as Support

No comments:

Post a Comment