Forex: US Dollar Technical Analysis – Sideways Trade Continues
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- Prices rose as expected after putting in a bullish Piercing Line candle pattern
- Breaking below 10646 (range support) targets 10631 (channel bottom)
- Above 10706 (range top) targets 10727 (Dec 19 high), 10750 (channel top)
** 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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