To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- Prices bounced higher after putting in a bullishPiercing Line candlestick pattern
- Break of resistance at 1.3268 (23.6% Fib expansion) exposes 1.3370 (38.2% Fib) next
- Near-term support is at 1.3104, the September 6 swing low
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
To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak
New to FX? Watch this Video. For live market updates, visit the Real Time News Feed