Forex: US Dollar Technical Analysis – Familiar Range Prevailing
To receive Ilya's analysis directly via email, please SIGN UP HERE
Talking Points
Prices rose as expected after putting in a bullish Piercing Line candle pattern
Breaking above 10723 (50% Fib exp.) would expose 10760 (61.8% Fib exp.)
Near-term support is in the 10669-85 area (Dec 4 high, 38.2% Fib exp.)
Can’t access to the Dow Jones FXCM US Dollar Index? Try the USD basket onMirror Trader **
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.