US Dollar Technical Analysis– Prices turned lower as expected after putting in a Doji candlestick below resistance at 10882, the 23.6% Fibonacci retracement. Sellers are now testing support in the 10790-803 area, marked by the 38.2% level and the June 24 swing high, with a break below that eyeing the 50% Fib at 10739.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail firstname.lastname@example.org. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
- Finance Trading
- Basic Materials Industry