US Dollar Technical Analysis: Bullish Breakout Complete?

| 31 juli, 2013 | 0 kommentarer

US Dollar Technical Analysis Prices broke above resistance the top of a Flag chart pattern, hinting at bullish continuation ahead. Initial resistance is at 10820, the 23.6% Fibonacci expansion, with a break above that targeting the 38.2% level at 10899. Near-term support is at 10693, the July 29 swing low.

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dailyclassics_us_dollar_index_body_Picture_3.png, US Dollar Technical Analysis: Bullish Breakout Complete?

Daily Chart – Created Using FXCM Marketscope 2.0

Written by Ilya Spivak, Currency Strategist for Dailyfx.com

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