Friday, December 27, 2013

Forex: US Dollar Technical Analysis ? Slipping to One-Week Low




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Talking Points



  • Prices rose as expected after putting in a bullish Piercing Line candle pattern


  • A test through 10669-85 (Dec 4 high, 38.2% Fib) has exposed 10646 (range top)


  • Breaking lower targets 10612 (range bottom); above 10685 eyes 10723 (61.8% Fib)


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


dailyclassics_us_dollar_index_body_Picture_12.png, Forex: US Dollar Technical Analysis – Slipping to One-Week Low


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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Forex: US Dollar Technical Analysis ? Slipping to One-Week Low

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