US Dollar Technical Analysis– Prices put in a Shooting Star candlestick below resistance marked by the intersection of a rising channel top (now at 10522) and the 76.4% Fibonacci expansion (10504), hinting at a pullback ahead. Channel support is now at 10415, with a move below that initially exposing the 61.8% Fib at 10359. Alternatively, a break higher broadly exposes the 100% level at 10741.
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
