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Talking Points
- Prices are testing above resistance at in the 10416-24 area (April bottom, 38.2% Fib)
- Break higher on a daily closing basis exposes 10468 (23.6% Fib)
- Support at 10374 (50% Fib); below that targets 10323-31 region (Jun’12 high, 61.8% Fib)
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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