US Dollar Technical Analysis – Retesting Broken Range Bottom
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- 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)
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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