To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- Prices are recoiling from resistance in the 0.8847-64 area (Aug’13 low, 23.6% Fib exp.)
- Breaking below 0.8727-56 (Jan 20 low, 38.2% Fib exp.) targets 0.8616 (50% Fib exp.)
- Above 0.8864 exposes 0.8992 (23.6% Fib retratecement)
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