To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- Prices rose as expected after putting in a bullish Piercing Line candle pattern
- Above 10719 (23.6% Fib exp.) targets 10727 (Dec 19 high), 10749 (channel top)
- Near-term support is in the 10640-46 area (horizontal pivot, channel bottom)
Can’t access to the Dow Jones FXCM US Dollar Index? Try the USD basket onMirror Trader **
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
New to FX? START HERE
For live market updates, visit the Real Time News Feed