USDOLLAR Breaks Down; 10435 and 10406 are Key Levels

By DailyFx | June 12, 2014 AAA

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USDOLLAR Breaks Down; 10435 and 10406 are Key Levels

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“Thursday’s reversal, from below the 200 DMA mind you, shifts immediate focus lower (a new high still faces trendline resistance and the 200 DMA). The cleanest levels of possible support are 10435 (former low and 61.8% retracement) and 10406. The latter level is the 5/8 close and is just above the top side of the trendline that extends off of the Jan and April highs.”

LEVELS: 104061043510455 | 104821049610524

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

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