Forex: US Dollar Technical Analysis – Sellers Force Range Break
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- Prices are testing support in the 10450-69 area (38.2% Fib, June 13 low)
- A break downward initially exposes 10410 (50% Fib)
- Near-term resistance is at 10500 (23.6% Fib), followed by 10530 (14.6% 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
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