US Dollar Classic Technical Report 07.17.2012
Prices took out support at 10139, the 38.2% Fibonacci retracement, to challenge the bottom of a rising channel set from the June 20 low (now at 10085). A break below this boundary would neutralize the near-term bullish bias and expose familiar support in the 10032-67 area. The 10139 level has been recast as near-term resistance.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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