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Forex: US Dollar Technical Analysis – 3-Month Support Threatened

Forex: US Dollar Technical Analysis – 3-Month Support Threatened

2014-01-24 13:11:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • Prices are testing support in the 10651-61 area (rising channel bottom, 23.6% Fib ret.)
  • Breaking lower targets 10602 (38.2% Fib retracement)
  • Above 10718 (horizontal pivot) aims for 10756-73 (Jan 21 high, channel top)

Can’t access to the Dow Jones FXCM US Dollar Index? Try the USD basket on Mirror Trader. **

dailyclassics_us_dollar_index_body_Picture_3.png, Forex: US Dollar Technical Analysis – 3-Month Support Threatened

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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