US Dollar Stalls at 6-Week High Before Key Event Risk

US Dollar Stalls at 6-Week High Before Key Event Risk

29 July 2014, 09:31
Rachael Taylor
0
138
Prices continue to advance as expected after putting in a Bullish Engulfing candle pattern at support set from October 2013. A daily close above the 23.6% Fibonacci retracement at 10456 has exposed a horizontal pivot at 10481. Pushing further beyond that targets the 38.2% level at 10513. Alternatively, reversal back below 10456 opens the door for a challenge of a rising trend line set from the July 1 low at 10447.


Share it with friends: