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Talking Points
- Morning Star candlestick patter, positive RSI divergence hint a rebound is ahead
- Initial resistance is at 10539 (23.6% Fib); a break higher exposes 10591 (38.2% Fib)
- Near-term support lines up at 10469, the June 13 swing 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
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