Forex: US Dollar Technical Analysis – Flat in Thin Holiday Trade
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- Prices rose as expected after putting in a bullish Piercing Line candle pattern
- Breaking above 10723 (50% Fib exp.) would expose 10760 (61.8% Fib exp.)
- Near-term support is in the 10669-85 area (Dec 4 high, 38.2% 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
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