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Talking Points
- Prices declined as expected after putting in a bearish Dark Cloud Cover candlestick pattern
- Break of support at 1.3185 (38.2% Fib) has exposed 1.3103 (50% Fib) as the next barrier
- A turn back above 1.3185 targets 1.3286, the 23.6% Fib retracement
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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
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