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Talking Points
- Prices rose as expected after putting in a bullish Piercing Line candle pattern
- Above 10719 (23.6% Fib exp.) targets 10727 (Dec 19 high), 10752 (channel top)
- Near-term support is in the 10642-46 area (horizontal pivot, channel bottom)
Can’t access to the Dow Jones FXCM US Dollar Index? Try the USD basket onMirror Trader **
![dailyclassics_us_dollar_index_body_Picture_12.png, Forex: US Dollar Technical Analysis – Range Top Capping Gains](http://media.dailyfx.com/illustrations/2014/01/10/dailyclassics_us_dollar_index_body_Picture_12.png)
Daily Chart - Created Using FXCM Marketscope 2.0
** The Dow Jones FXCM US Dollar Index and the Mirror Trader USD basket are not the same product.
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
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