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Talking Points
- Prices invalidated topping cues to break above resistance at 137.71 (76.4% Fib expansion)
- Resistance is now at 138.82 (100% Fib); above that aims for 139.94 (123.6% Fib)
- A turn back below 137.71 aims for 137.02 (61.8% 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
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