US Dollar Classic Technical Report 07.13.2012
Prices are testing resistance in the 10209-19 area marked by the 38.2% Fibonacci expansion and 61.8% retracement levels. A break higher exposes the 50% expansion at 10279. Near-term support lines up at 10174, the 50% retracement, followed by the 10139-45 region at the confluence of the 23.6% expansion and 38% retracement barriers.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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