US Dollar Clings to Trend Support, SPX 500 Probing 2013 High

February 26, 2014

US DOLLAR TECHNICAL ANALYSIS – Prices are once again testing support at a rising trend line set from September 2012, a barrier reinforced by the 23.6% Fibonacci expansion at 10547. A break below this barrier initially exposes the 38.2% level at 10513. Near-term resistance is at 10602, the February 21 high.

Source: ForexTV

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