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Talking Points
- Prices put in a bullish Piercing Line candle pattern, hinting at a bounce ahead
- Moving above 143.60 (14.6% Fib exp.) exposes 144.90 (23.6% Fib exp.)
- Breaking below 141.61 (neckline) targets 140.15 (38.2% Fib ret.)
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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