US Dollar Classic Technical Report 07.26.2012
Prices are pulling back from resistance in the 10145-74 region marked by the 23.6% Fibonacci expansion and a horizontal pivot level. Near-term support lines up in the familiar 10032-67 region, with a break below that exposing a rising trend line now at 9969. Alternatively, a reversal higher through resistance aims to challenge the 38.2% Fib at 10219.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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