Forex: US Dollar Technical Analysis – Slipping to One-Week Low
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- Prices rose as expected after putting in a bullish Piercing Line candle pattern
- A test through 10669-85 (Dec 4 high, 38.2% Fib) has exposed 10646 (range top)
- Breaking lower targets 10612 (range bottom); above 10685 eyes 10723 (61.8% Fib)
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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