Forex: US Dollar Technical Analysis – Pullback Meets Support
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- A break above resistance at 10509 (23.6% Fib ret.) exposes 10604 (38.2% Fib)
- Back below 10509 eyes falling trend line resistance-turned-support at 10483
- Pushing above 10604 exposes 10626 (rising trend line from April)
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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