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US Dollar Technical Analysis: Prices Retreat from 3-Year High

US Dollar Technical Analysis: Prices Retreat from 3-Year High

Ilya Spivak, Head Strategist, APAC

US Dollar Technical Analysis A break above resistance at 10859, the 76.4% Fibonacci expansion, has opened the door for a move to challenge the 100% level at 10980. The 10859 mark has been recast as near-term support, with a reversal back beneath that eyeing the 61.8% Fib at 10785.

dailyclassics_us_dollar_index_body_Picture_3.png, US Dollar Technical Analysis: Prices Retreat from 3-Year High

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

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