To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- Prices are testing resistance at 1.3590 (bottom of channel from early July)
- A break higher initially exposes 1.3626 (61.8% Fib retracement)
- Below 1.3563 (50% Fib) exposes 1.3499 (38.2% Fib ret.); we continue to hold short
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? START HERE
For live market updates, visit the Real Time News Feed