Forex: US Dollar Technical Analysis – Uptrend Resistance at Risk
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- Prices are eyeing resistance in the 10761-66 area (38.2% Fib exp., channel top)
- A close above resistance initially exposes 10806 (50% Fib exp.)
- Below 10707-27 (Dec 19 high, 23.6% Fib exp.) eyes 10644 (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
Contact and follow Ilya on Twitter: @IlyaSpivak
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