US Dollar Technical Analysis– Prices put in a Harami candlestick pattern below resistance at 10781, the 76.4% Fibonacci retracement, hinting a pullback may be ahead. Initial support is at 10721, the 61.8% level, with a drop beneath that eyeing the 50% Fib at 10673. Alternatively, a move above resistance aims for the May 29 swing high at 10877.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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