Prices have extended a bounce from support in the 10032-67 area to apparently invalidate the previously completed bearish Flag chart formation. Buyers are now testing resistance at 10145, the 23.6% Fibonacci expansion, with a break above that exposing the 38.2% level at 10219. Support remains in the 10032-67.
Dow Jones FXCM US Dollar Index - Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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