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Talking Points
- Prices bounced higher after putting in a bullishPiercing Line candlestick pattern
- Resistance is at 1.3370 (38.2% Fib); a break above that targets 1.3416 (June 19 high)
- Near-term support is at 1.3268 (23.6% Fib), followed by the Sep. 6 low(1.3104)
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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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