US Dollar Technical Analysis: Pullback Clues Emerge


US Dollar Technical Analysis Prices put in a Harami candlestick pattern below resistance at 10781, the 76.4% Fibonacci retracement, hinting a pullback may be ahead. Initial support is at 10721, the 61.8% level, with a drop beneath that eyeing the 50% Fib at 10673. Alternatively, a move above resistance aims for the May 29 swing high at 10877.

View photo

dailyclassics_us_dollar_index_body_Picture_3.png, US Dollar Technical Analysis: Pullback Clues Emerge

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

View Comments (0)