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Talking Points
- A Shooting Star candle below Rising Wedge resistance hints a move lower is ahead
- Support is at 0.8482 (Wedge bottom); a break lower initially targets 0.8451 (23.6% Fib)
- Resistance is in the 0.8554-62 area (Oct 24 high, Wedge top)
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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