US Dollar Technical Analysis: Rally Falters as Expected
US Dollar Technical Analysis– Prices turned lower as expected after putting in a Doji candlestick below resistance at 10882, the 23.6% Fibonacci retracement. Sellers are now testing support in the 10790-803 area, marked by the 38.2% level and the June 24 swing high, with a break below that eyeing the 50% Fib at 10739.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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