Forex: US Dollar Technical Analysis – Prices Sink to 3-Month Low
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- Prices are testing support at 10620 (76.4% Fib expansion)
- Breaking lower targets the 10561-71 area (rising trend line, 100% Fib)
- Resistance is in the 10646-57 region (August 16 low, 61.8% 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
Contact and follow Ilya on Twitter: @IlyaSpivak
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