Forex: US Dollar Technical Analysis – Risk of Pullback Hinted
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- Prices are testing resistance in the 10641-53 area (Jul 12 high, 23.6% Fib exp.)
- Negative RSI divergence warns of a turn lower; support is at 10535 (Nov 20 low)
- A break above resistance initially exposes 10839 (38.2% Fib exp.)
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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