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Talking Points
- Break of 2-month trend resistance hints at resumption of uptrend from August 2011
- Near-term resistance now at 10828 (50% Fib); break above that eyes 10870 (61.8% Fib)
- Support is now at 10785 (38.2% Fib), followed by the channel top now at 10763
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
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