To receive Ilya's analysis directly via email, please SIGN UP HERE
Talking Points
-
Break of 2-month trend resistance hints at resumption of uptrend from August 2011
-
Near-term resistance now at 10828 (50% Fib); break above that eyes 10870 (61.8% Fib)
-
Support is now at 10785 (38.2% Fib), followed by the channel top now at 10763
Don’t have access to the Dow Jones FXCM US Dollar Index? Try the USD basket via Mirror Trader as an alternative. **
Daily Chart - Created Using FXCM Marketscope 2.0
** The Dow Jones FXCM US Dollar Index and the Mirror Trader USD basket are not the same product.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak
New to FX? Watch this Video. For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.