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Talking Points
- Prices are testing below Fibonacci cluster support in the 10595-603 area
- A break downward on a daily closing basis initially targets 10549 (38.2% Fib ret.)
- Turning above resistance at 10645 (38.2% Fib exp.) aims for 10679 (50% Fib exp.)
Can’t access to the Dow Jones FXCM US Dollar Index? Try the USD basket onMirror 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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