US Dollar Classic Technical Report 07.12.2012
Prices are approaching 38.2% Fibonacci expansion resistance at 10219, with a break above this boundary exposing the 50% barrier at 10279. Near-term support lines up at 10145 at the 23.6% expansion and is reinforced by a falling trend line set from early June, now at 10138.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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