US Dollar Technical Analysis: Further Weakness Expected

| 29 juli, 2013 | 0 kommentarer

US Dollar Technical Analysis Prices broke support at 10739, the 50% Fibonacci retracement, exposing the 61.8% level at 10675. A further push below that targets the 76.4% level at 10596. The 10739 has been recast as near-term resistance, a barrier reinforced by a falling trend line set from the July 8 swing high (now at 10778).

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dailyclassics_us_dollar_index_body_Picture_3.png, US Dollar Technical Analysis: Further Weakness Expected

Daily Chart – Created Using FXCM Marketscope 2.0

Written by Ilya Spivak, Currency Strategist for Dailyfx.com

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