To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- A Falling Wedge chart pattern hints a turn higher may be brewing ahead
- Pushing above 0.8295 (Wedge top) targets 0.8316 (23.6% Fib ret.)
- Below 0.8251-55 (Dec 3 low, 38.2% Fib exp.) exposes 0.8232 (50% Fib exp.)
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