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Talking Points
- Prices are testing resistance in the 1.3705-27 area (76.4% Fib ret, rising channel top)
- A break higher targets 1.3831, the October 25 swing high
- Supports are at 1.3626 (61.8% Fib), 1.3592 (channel bottom)
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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