To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- Prices put in a Bearish Engulfing candlestick pattern, hinting at weakness ahead
- A break below 0.8847-64 (Aug’13 low, 23.6% Fib) exposes 0.8727 (38.2% Fib)
- Near-term resistance is at 0.9085 (January 13 high)
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