Forex: US Dollar Technical Analysis – Sideways Trade Continues
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices continue to stall below resistance in the 10641-53 area (Jul 12 high, 23.6% Fib exp.)
- Support is at 10589 (23.6% Fib ret.); breaking that exposes 10544 (38.2% Fib ret.)
- A reversal above 10653 aims for the 38.2% Fib expansion at 10839
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
New to FX? START HERE
For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.