U.S. Markets open in 4 hrs 37 mins

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

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to ispivak@dailyfx.com