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Talking Points
- Prices bounced higher after putting in a bullishPiercing Line candlestick pattern
- Buyers are now testing resistance at 1.3534 (1.3534); a break higher targets 1.3636 (76.4% Fib)
- Near-term support is at 1.3452 (50% Fib), followed by 1.3416 (June 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
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