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Talking Points
- A Spinning Top candle below the 135.31-58 area (double top, 100% Fib) warns of weakness
- Initial support is at 134.55 (76.4% Fib); breaking below that aims for 133.91 (61.8% Fib)
- A break above resistance on daily closing basis exposes targets 136.61 (123.6 % Fib)
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Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
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