Forex: US Dollar Technical Analysis – Waiting for Upside Break
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- Prices edged higher as expected after showing a bullish Morning Star candle pattern
- Initial resistance is at 10539 (23.6% Fib); a break higher exposes 10591 (38.2% Fib)
- Near-term support lines up at 10469, the June 13 swing bottom
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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