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Forex pairs in this Article » USD
Daily

eliottWaves_us_dollar_index_body_Picture_1.png, USDOLLAR May See 10800 before a Larger DipChart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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-The USDOLLAR has traded sideways since 12/20 in what may be a triangle. In fact, the triangle may compose wave 4 within a 5 wave rally (diagonal) from 10535. The implications are for a new high (above 10727) before weakness (possibly back to 10535 but we are getting ahead of ourselves now) commences in order to correct the advance from the Oct low.

-The 8/30 high at 10812 is in line with a measured level at 10823.

Trading Bias: Long, against 10630. Target 10810.

LEVELS: 10594 10631 10667 | 10727 10757 10812



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