To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- Spinning Top candle below 10792 (23.6% Fib expansion, falling channel top) hints at turn lower
- Break below support at 10760 exposes downside targets at 10693 (7/29 low) and 10646 (8/16 low)
- Daily close above resistance exposes the next key hurdle at 10886 (38.2% Fib)
Don’t have access to the Dow Jones FXCM US Dollar Index? Try the USD basket via Mirror Trader as an alternative. **
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
To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak
New to FX? Watch this Video. For live market updates, visit the Real Time News Feed