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Talking Points
- Prices continue to stall below resistance at 10645 (38.2% Fib exp.)
- Support is at 10603 (23.6% Fib exp.); breaking that exposes 10549 (38.2% Fib ret.)
- A reversal above 10645 aims for the 50% Fib expansion at 10679
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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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