Forex: US Dollar Technical Analysis – 5-Month Support in Sight
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- Prices are dipping to support in the 10570-88 area (trend line, 61.8% Fib)
- Breaking lower targets a falling channel bottomset from July, now at 10539
- Resistance is in the 10631-46 region (50% Fib, August 16 low)
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
Contact and follow Ilya on Twitter: @IlyaSpivak
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