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US Dollar Classic Technical Report 07.25.2012

Ilya Spivak

Prices took out resistance at 10145, the 23.6% Fibonacci expansion, with buyers now aiming to challenge the 38.2% level at 10219. A break above this boundary targets the 50% expansion at 10278. The 10145 level has been recast as near-term support.


US_Dollar_Classic_Technical_Report_07.25.2012_body_Picture_5.png, US Dollar Classic Technical Report 07.25.2012

Dow Jones FXCM US Dollar Index - Daily Chart - Created Using FXCM Marketscope 2.0




--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com


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