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Forex: US Dollar Technical Analysis ? Rebound Ready to Begin?

February 18, 2014

Ilya Spivak





Talking Points:



  • US Dollar Technical Strategy: Holding Long via Mirror Trader Basket **
  • Support: 10520 (Feb 17 low)
  • Resistance: 10576 (23.6% Fib ret.), 10610 (38.2% Fib ret.)



    The Dow Jones FXCM US Dollar Index is edging higher after putting a Hammer candlestick. Initial resistance is at 10576, the 23.6% Fibonacci retracement, with a break above that exposing the 38.2% level at 10610. Near-term support is at 10520, the February 17 swing low.





    dailyclassics_us_dollar_index_body_Picture_12.png, Forex: US Dollar Technical Analysis - Rebound Ready to Begin?












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    Source: DailyFx


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