Singapore Markets close in 25 mins.

Forex Analysis: US Dollar Classic Technical Report 01.07.2013

Ilya Spivak

Prices are testing resistance at 10122, the 61.8%Fibonacci expansion, with a Shooting Star candlestick warning that a turn lower may be ahead. Near term support is at 10082, the 50% level. A reversal back below that exposes the 32.8%expansion at 10044. Alternatively, a break above resistance aims for the 76.4% Fib at 10170.


Forex_Analysis_US_Dollar_Classic_Technical_Report_01.07.2013_body_Picture_1.png, Forex Analysis: US Dollar Classic Technical Report 01.07.2013

Daily Chart - Created Using FXCM Marketscope 2.0




--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com


To contact Ilya, e-mail ispivak@dailyfx.com. 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




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.