US Dollar Technical Analysis – Range Bottom Under Fire

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Talking Points

  • Prices are testing below Fibonacci cluster support in the 10595-603 area
  • A break downward on a daily closing basis initially targets 10549 (38.2% Fib ret.)
  • Turning above resistance at 10645 (38.2% Fib exp.) aims for 10679 (50% Fib exp.)

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_11.png, US Dollar Technical Analysis – Range Bottom Under Fire

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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