US Dollar Technical Analysis: Bullish Reversal Deepens
US Dollar Technical Analysis– Prices found interim support above a rising trend line set from late February and launched a recovery, with the bulls now challenging the 61.8% Fibonacci retracement at 10721. A further push higher targets the 76.4% level at 10781. The 50% Fib at 10673 is acting as near-term support, with a reversal back beneath that eyeing the 38.2% retracement at 10625.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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