Forex: US Dollar Technical Analysis – Bulls Overturn Range Break
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- Prices overturned yesterday’s range support break and turned sharply higher
- A Bullish Engulfing candle pattern hints at gains; resistance is at 10707 (23.6% Fib)
- Breaking higher exposes 10761 (38.2% Fib); support is at 10633 (channel bottom)
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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