Forex: US Dollar Technical Analysis – 3-Month Support Holds Up
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- Bounce seen at support in the 10449-69 area (June low, 100% Fib, trend line from Sep. 2012)
- Break of resistance at 10535 (76.4% Fib) now exposes the 61.8% level (10588)
- Turn back below 10535 aims for the 10449-69 area anew
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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