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Talking Points
- Prices broke above resistance in the 133.81-91 area (May 22 high, 76.4% Fib, channel top)
- The bulls now aim to challenge 135.75 (100% Fib expansion)
- A reversal back below 1.3381 aims for 132.77 (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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