2014-02-25 13:51 (UTC)Ilya Spivak, Currency Strategist
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Talking Points:
US Dollar Technical Strategy: Holding Long via Mirror Trader Basket **
Support: 10568 (23.6% Fib ret.), 10545 (trend line from Sep’12), 10520 (Feb 17 low)
Resistance: 10598 (38.2% Fib ret.), 10623 (50% Fib ret.)
The Dow Jones FXCM US Dollar Index recoiled from resistance at 10598, […]
To receive Ilya’s analysis directly via email, please SIGN UP HERETalking PointsPrices rose as expected after putting in a bullish Piercing Line candle patternBreaking below 10657 (range top) eyes the 10612-18 area (channel, range bottoms)A turn back above 10685 (38.2% Fib exp.) targets 10723 (50% Fib exp.)Can’t access to the Dow Jones FXCM US Dollar Index? Try the USD basket […]
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