Forex: US Dollar Technical Analysis – Bounce Hinted at April Low
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- Bullish Engulfing above 10391 (April low) hints a rebound may be ahead
- Near-term resistance is at 10469 (June bottom), followed by 10537 (trend line)
- Below support eyes 10323 (June 2012 spike high)
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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