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Talking Points
- Prices rose as expected after putting in a bullish Piercing Line candle pattern
- A break below 10640-46 (range bottom, 23.6% Fib ret.) exposes 10585 (38.2% Fib)
- Moving above range resistance (10718) targets 10755 (rising channel top)
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
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