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Talking Points
- Prices are testing the 10556-65 area (falling channel top, horizontal barrier from September)
- A break lower targets 10492, November 6 low
- Above resistance at 10653 (23.6% Fib exp.) exposes 10839 (38.2% Fib exp.)
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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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