US Dollar Technical Analysis– Prices put in a bearish Evening Star candlestick pattern below resistance marked by the intersection of a rising channel top and the 76.4% Fibonacci expansion (10504). A break below channel support (now at 10426) exposes the 61.8% Fib at 10359. Alternatively, a break back above 10504 aims for the channel top at 10535.
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
