Forex: US Dollar Technical Analysis ? August Swing Low Revisited

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Talking Points

  • Break of rising counter trend line hints the down trend from July’s top has resumed
  • Near-term support is at 10631 (50% Fib exp.); break of that targets 10588 (61.8% Fib)
  • Resistance at 10673 (38.2% Fib), followed by the 23.6% level at 10726

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

dailyclassics_us_dollar_index_body_Picture_3.png, Forex: US Dollar Technical Analysis  August Swing Low Revisited

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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