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Talking Points
- A Shooting Star candle below resistance at 0.9409 (38.2% Fib ret.) warns of a turn lower
- Breaking below 0.9302 (50% Fib) eyes 0.9195 (61.8% Fib), negates bullish Piercing Line setup
- Closing above 0.9409 exposes the next upside barrier at 0.9542 (23.6% Fib)
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
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