Forex: US Dollar Technical Analysis – Key Range Bottom Broken
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices broke range support at 10595 (23.6% Fib ret.), exposing 10549 (38.2% Fib)
- A further push below that eyes 10512 (50% Fib retracement)
- Turning back above 10595 targets 10669 (Dec 4 high)
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.