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Talking Points
- Sharp recovery launched at the bottom of a bullish Triangle chart pattern
- Daily close above 131.00 (38.2% Fib expansion) exposes 131.52 (50% Fib)
- Reversal back below 131.00 sees support at the Triangle bottom, now at 129.64
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
To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak
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