US Dollar Technical Analysis: Chart Setup Favors Losses
US Dollar Technical Analysis– Prices are retesting broken support-turned-resistance at 10739, the 50% Fibonacci retracement, to challenge a falling trend line set from the July 8 swing high (now at 10762). A break above the latter barrier exposes the 38.2% level at 10803. Near-term support remains at 10675, the 61.8% Fib.
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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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