US Dollar Technical Analysis– Prices moved lower as expected, taking out the 38.2% Fibonacci retracement level at 10694 and exposing the 50% Fib at 10638. A further push beneath that eyes the 61.8% level at 10582. The 10694 mark has been recast as near-term resistance.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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