US Dollar Technical Analysis– Prices are testing above resistance at 10781, the 76.4% Fibonacci retracement, with a break higher on a daily closing basis exposing the May 29 swing high at 10877. Initial support is at 10721, the 61.8% level. A drop beneath that eyes the 50% Fib at 10673.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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