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Forex: US Dollar Technical Analysis – Prices Sink to 3-Month Low

Forex: US Dollar Technical Analysis – Prices Sink to 3-Month Low

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • 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)

Can’t access to the Dow Jones FXCM US Dollar Index? Try the USD basket onMirror Trader **

dailyclassics_us_dollar_index_body_Picture_3.png, Forex: US Dollar Technical Analysis – Prices Sink to 3-Month 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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