US Dollar Classic Technical Report 07.11.2012
Prices are consolidating below 10174, the 50% Fibonacci retracement, after taking out falling trend lineresistance set from late May. A break higher initially exposes targets the 61.8% level at 10209. Near-term support is marked by the trend line (now at 10144) and reinforced by the 38.2% Fib at 10139.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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