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Talking Points
- Prices found interim support at 1.3420 (38.2% Fib) and are attempting to bounce
- Near-term resistance is in the 1.3561-77 area (rising channel bottom, 23.6% Fib)
- Breaking below 1.3420 exposes 1.3293 (50% Fib); we continue to hold short
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Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for DailyFX.com
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