US Dollar Classic Technical Report 08.01.2012
Prices are hovering above the 10000 figure – a barrier reinforced by a major rising trend line set from late July – after taking out range support at 10041. A daily close below the latter boundary would make the case for a significant bearish trend change. The 10041 level has been recast as near-term resistance.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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