Forex: US Dollar Technical Analysis – Support Met at August Low
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- Prices have found interim support in the 10646-57 area (Aug 16 low, 61.8% Fib exp.)
- Break downward initially exposes 10620 (76.4% Fib)
- Push above resistance targets 10687 (50% 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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