Forex: US Dollar Technical Analysis – Key Range Support Broken
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- Prices broke support in the 10640-48 area (range/channel bottom, 23.6% Fib ret.)
- Sellers now aim for 10585 (38.2% Fib ret.); below that eyes 10541 (50% Fib ret.)
- A move back above 10648 aims for the range top at 10718
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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