US Dollar Technical Analysis 02.22.2013
US Dollar Technical Analysis– Prices pushed above the 61.8% Fibonacci expansion at 10358, exposing the 76.4% level at 10505. A Shooting Star candlestick warns a near-term pullback may occur before the rally resumes. The 10358 level has been recast as near-term support, with a turn back below that aiming for a rising trend line set from early February, now at 10346.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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