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US Dollar Technical Analysis: Selloff Stalls at Initial Support

US Dollar Technical Analysis: Selloff Stalls at Initial Support

Ilya Spivak, Head Strategist, APAC

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.

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_us_dollar_index_body_Picture_3.png, US Dollar Technical Analysis: Selloff Stalls at Initial Support

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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