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Talking Points
- Prices are testing below support in the 10707-27 area(Dec 19 high, 23.6% Fib exp.)
- A break lower on a daily closing basis exposes 10646 (channel bottom)
- Near-term resistance is in the in the 10761-66 area (38.2% Fib exp., channel top)
Can’t access to the Dow Jones FXCM US Dollar Index? Try the USD basket on Mirror 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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