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US Dollar Technical Analysis – Retesting Broken Range Bottom

US Dollar Technical Analysis – Retesting Broken Range Bottom

2013-12-12 10:30:00
Ilya Spivak, Sr. Currency Strategist
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Talking Points

  • A Piercing Line candle pattern hints a rebound may be ahead
  • Breaking above 10612 (former range bottom) exposes 10669-85 (Dec 4 high, 38.2% Fib exp.)
  • Support is at 10565 (Dec 10 low), 10549 (38.2% Fib retracement)

Can’t access to the Dow Jones FXCM US Dollar Index? Try the USD basket onMirror Trader **

dailyclassics_us_dollar_index_body_Picture_11.png, US Dollar Technical Analysis – Retesting Broken Range Bottom

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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