US Dollar Technical Analysis: Selloff Stalls at Initial Support
US Dollar Technical Analysis– Prices are testing support in the 10790-803 area, marked by the 38.2% Fibonacci retracement and the June 24 swing high, with a break below that eyeing the 50% level at 10739. Near-term resistance is at 10882, the 23.6% level.
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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