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Dollar continues to break higher as S&P 500 probes 1400

From dailyfx.com

THE TAKEAWAY: The US Dollar continues to push higher as the S&P 500 probes lower to challenge the 1400 figure with an eye toward deer losses head. US DOLLAR TECHNICAL ANALYSIS– Prices broke resistance at 10044, the 32.8%Fibonacci expansion, after completing a bullish Flag chart pattern. The bulls now target the 50% level at 10082, with a break above that aiming for the 61.8% Fib at 10122. The 10044 mark has been recast as near-term support. A reversal back below that aims for the 23.6% expansion at 9995. S&P 500 TECHNICAL ANALYSIS – Prices broke down as expected after putting in a bearish Dark Cloud Cover ... (full story)

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