To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- Prices turned lower as expected after putting in a Bearish Engulfing candle pattern
- A break of support is in the 0.9517-22 (Sep top, 50% Fib) has exposed 0.9461 (61.8% Fib)
- Below support eyes 0.9392 (76.4% Fib); back above 0.9522 targets 0.9573 (38.2% 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
New to FX? START HERE
For live market updates, visit the Real Time News Feed