To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- Prices declined as expected after putting in Bearish Engulfing candlestick pattern
- Breaking support at 1.3420 (38.2% Fib) exposes 1.3293 (50% Fib)
- Reversing back above 1.3420 eyes 1.3489 (channel bottom); we’ve entered short
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? START HERE
For live market updates, visit the Real Time News Feed