Filed Under:
Forex pairs in this Article »
Prices turned lower as expected after putting in a Shooting Star candlestick below resistance marked by the 61.8% Fibonacci expansion (10181) and a rising channel top (10194). Sellers are testing initial support near 10153, the 50% level, with a sustained push below that targeting the 38.2% Fib at 10124. Alternatively, a push above the channel top exposes the 76.4% expansion at 10216.

Forex_Analysis_US_Dollar_Classic_Technical_Report_01.30.2013_body_Picture_1.png, Forex Analysis: US Dollar Classic Technical Report 01.30.2013 Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

comments powered by Disqus