US Dollar Technical Analysis– Prices are eyeing resistance at 10876, the late-May swing top, with a break higher targeting the 123.6% Fibonacci extension at 10973. Near-term support is at 10781, the 76.4% level. A break beneath that aims for the 61.8% Fib at 10721.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya’s e-mail distribution list, please CLICK HERE
New to FX? Watch this Video. For live market updates, visit the Real Time News Feed