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Talking Points
- A Spinning Top candle at in the 1.3499-1.3529 area (38.2% Fib, channel bottom) hints at weakness
- Below support is at 1.3421 (23.6% Fib) eyes 1.3294 (Nov 7 low); we’ve holding short
- Breaking above resistance exposes 1.3563 (50% Fib retracement)
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
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