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Forex: US Dollar Technical Analysis – Sideways Trade Continues

Ilya Spivak


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Talking Points


  • Prices rose as expected after putting in a bullish Piercing Line candle pattern
  • Breaking below 10646 (range support) targets 10631 (channel bottom)
  • Above 10706 (range top) targets 10727 (Dec 19 high), 10750 (channel top)


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



dailyclassics_us_dollar_index_body_Picture_11.png, Forex: US Dollar Technical Analysis – Sideways Trade Continues

** 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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