To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- Bullish Morning Star candle pattern above support at 0.8387 (100% Fib) hints at upswing
- Near-term resistance at 0.8449 (76.4% Fib); break higher aims for the 61.8% Fib at 0.8488
- Bounce from here is likely to be corrective and we will continue to hold a short position
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