Forex Analysis: US Dollar Classic Technical Report 01.10.2013

DailyFX

Prices mounted a recovery after finding support at 10059, the 23.6% Fibonacci retracement. Initial channel top resistance is at 10131, with a break above that targeting the January 4 high at 10158. Alternatively, a drop below 10059 exposes the 38.2% level at 9998.

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Forex_Analysis_US_Dollar_Classic_Technical_Report_01.10.2013_body_Picture_1.png, Forex Analysis: US Dollar Classic Technical Report 01.10.2013

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--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

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