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