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Forex Analysis: US Dollar Classic Technical Report 12.21.2012

Ilya Spivak

Prices staged a mild recovery from neckline support established from late October (now at 9928) to retest trend line support-turned-resistance at 9958. A break above that aims for the 23.6% Fibonacci expansion at 9995. Alternatively, a drop below neckline support eyes the channel bottom at 9867.

Forex_Analysis_US_Dollar_Classic_Technical_Report_12.21.2012_body_Picture_1.png, Forex Analysis: US Dollar Classic Technical Report 12.21.2012
Forex_Analysis_US_Dollar_Classic_Technical_Report_12.21.2012_body_Picture_1.png, Forex Analysis: US Dollar Classic Technical Report 12.21.2012

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

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