US Dollar Technical Analysis– Prices put in a Shooting Star candlestick below the top of a rising channel set from mid-September (10205), hinting a move lower is ahead. Near-term support is at 10181, the 61.8% Fibonacci retracement, with a break below that exposing the 50% level at 10153. Alternatively, a move above resistance initially eyes the 76.4% expansion at 10216.

Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
New to FX? Watch this Video. For live market updates, visit the Real Time News Feed