U.S. Markets close in 3 hrs 1 min

Forex: US Dollar Technical Analysis – Attempting a Recovery

Ilya Spivak


To receive Ilya's analysis directly via email, please SIGN UP HERE


Talking Points


  • Prices are testing above resistance at in the 10416-24 area (April bottom, 38.2% Fib)
  • Break higher on a daily closing basis exposes 10468 (23.6% Fib)
  • Support at 10374 (50% Fib); below that targets 10323-31 region (Jun’12 high, 61.8% Fib)


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


dailyclassics_us_dollar_index_body_Picture_10.png, Forex: US Dollar Technical Analysis – Attempting a Recovery

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


New to FX? START HERE


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.