To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- Prices turned lower as expected, clearing trend line support set from late September
- Support is now at 0.9573 (38.2% Fib); below that eyes 0.9517 (50% Fib)
- Above 0.9643 (23.6% Fib) targets 0.9757 (Oct high); we are holding long for now
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? Watch this Video
For live market updates, visit the Real Time News Feed