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  1. Pattern Technical Analysis: ]S&P 500 Moves to Re-Test Recently Breached Chart Support Level, US Dollar Poised to Continue Higher on Another Resistance Break

    by , 12-04-2014 at 03:33 AM
    US DOLLAR TECHNICAL ANALYSIS – Prices issued their strongest close in five years, with prices seemingly poised to continue marching higher. A daily close above the 38.2% Fibonacci expansion at 11457 exposes the 50% level at 11511. Alternatively, a reversal below the 23.6% Fib at 11391 clears the way for a test of the 14.6% expansion at 11350.

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