To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- Prices are testing channel bottom support at 133.13
- A break lower initially targets the 38.2% Fib retracement at 132.27
- Resistance is at 133.29 (23.6% Fib), followed by 134.94 (Sep 19 high)
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? Watch this Video
For live market updates, visit the Real Time News Feed