Forex Analysis: US Dollar Classic Technical Report 01.29.2013
Prices are put in a Shooting Star candlestick below resistance marked by the 61.8% Fibonacci expansion (10181) and a rising channel top (10191), hinting a move lower is ahead. Initial support is at 10153, the 50% level, with a break below that targeting the 38.2% Fib at 10124. Alternatively, a push above resistance aims for the 76.4% expansion at 10216.
Daily Chart - Created Using FXCM Marketscope 2.0
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