US Dollar Technical Analysis– A break above resistance at 10859, the 76.4% Fibonacci expansion, has opened the door for a move to challenge the 100% level at 10980. The 10859 mark has been recast as near-term support, with a reversal back beneath that eyeing the 61.8% Fib at 10785.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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