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Talking Points
- Prices are testing resistance in the 0.8323-30 area (channel top, 23.6% Fib ret.)
- A break higher initially targets 0.8379 (38.2% Fib retracement)
- Near-term support is at 0.8303, the December 2 low
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
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