US Dollar price action is curiously muted despite a sharp drop in the S&P 500 that might have been expected to buoy the standby safe-haven currency. US DOLLAR TECHNICAL ANALYSIS– Prices continue to flirt with 9963, the 38.2% Fibonacci retracement. Support is reinforced by a rising trend line set from the October 17 low (9933). A drop below this barrier aims for a support cluster in the 9861-85 area. Channel resistance is at 10006, with a break above that aiming for the 50% Fib at 10032. S&P 500 TECHNICAL ANALYSIS – Prices took out support at 1394.30, the 38.2% Fibonacci retracement, with sellers now eyeing the 50% ... (full story)