US Dollar Technical Analysis: Bulls Take Aim at May Top
US Dollar Technical Analysis– Prices found interim support above a rising trend line set from late February and launched a sharp recovery, with the bulls now challenging the 76.4% Fibonacci retracement at 10781. A further push higher targets May 29 swing high at 10877. The 61.8% Fib at 10721 is acting as near-term support, with a reversal back beneath that eyeing the 50% retracement at 10673.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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