Forex: US Dollar Technical Analysis – Key Trend Line Eyed
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- Prices broke support at 10620 (76.4% Fib), exposing the 10561-73 area (trend line, 100% Fib)
- A break below that aims for the bottom of a channel set from July, now at 10529
- 10620 is now resistance, with a turn back above that eyeing the 10646-57 region
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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