US Dollar Technical Analysis – Range Bottom Under Fire
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices are testing below Fibonacci cluster support in the 10595-603 area
- A break downward on a daily closing basis initially targets 10549 (38.2% Fib ret.)
- Turning above resistance at 10645 (38.2% Fib exp.) aims for 10679 (50% 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
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.