Forex: US Dollar Technical Analysis – Stubborn Range Still Holding
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- Prices continue to stall below resistance at 10645 (38.2% Fib exp.)
- Support is at 10603 (23.6% Fib exp.); breaking that exposes 10549 (38.2% Fib ret.)
- A reversal above 10645 aims for the 50% Fib expansion at 10679
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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