US Dollar Technical Analysis 05.22.2013
US Dollar Technical Analysis– Prices put in a bearish Dark Cloud Cover candlestick pattern below resistance at 10822, the 50% Fibonacci expansion, hinting a move lower is ahead. Initial support is at 10722, the 38.2% level, with a break below that targeting the 23.6% Fib at 10599. Alternatively, a reversal above resistance exposes the 61.8% expansion at 10922.
Daily Chart - Created Using FXCM Marketscope 2.0
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