Forex Analysis: US Dollar Classic Technical Report 01.07.2013

DailyFX

Prices are testing resistance at 10122, the 61.8%Fibonacci expansion, with a Shooting Star candlestick warning that a turn lower may be ahead. Near term support is at 10082, the 50% level. A reversal back below that exposes the 32.8%expansion at 10044. Alternatively, a break above resistance aims for the 76.4% Fib at 10170.

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Forex_Analysis_US_Dollar_Classic_Technical_Report_01.07.2013_body_Picture_1.png, Forex Analysis: US Dollar Classic Technical Report 01.07.2013

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

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