US Dollar Technical Analysis: May Swing High Targeted
US Dollar Technical Analysis– Prices are testing above resistance at 10781, the 76.4% Fibonacci retracement, with a break higher on a daily closing basis exposing the May 29 swing high at 10877. Initial support is at 10721, the 61.8% level. A drop beneath that eyes the 50% Fib at 10673.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail firstname.lastname@example.org. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.