Forex: US Dollar Technical Analysis – Upside Breakout at Risk
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- Prices retesting resistance-turned-support at a falling channel top (10705)
- Break downward initially targets the August 12 low at 10652
- Resistance at 10796 (23.6% Fib exp); break above that targets 10886 (38.2% Fib)
Daily Chart - Created Using FXCM Marketscope 2.0
** The Dow Jones FXCM US Dollar Index and the Mirror Trader USD basket are not the same product.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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