Forex: US Dollar Technical Analysis – Key Range Bottom Broken

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Talking Points

  • Prices broke range support at 10595 (23.6% Fib ret.), exposing 10549 (38.2% Fib)
  • A further push below that eyes 10512 (50% Fib retracement)
  • Turning back above 10595 targets 10669 (Dec 4 high)

Can’t access to the Dow Jones FXCM US Dollar Index? Try the USD basket onMirror Trader **

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dailyclassics_us_dollar_index_body_Picture_3.png, Forex: US Dollar Technical Analysis – Key Range Bottom Broken

Daily Chart - Created Using FXCM Marketscope 2.0

** The Dow Jones FXCM US Dollar Index and the Mirror Trader USD basket are not the same product.

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

Contact and follow Ilya on Twitter: @IlyaSpivak

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