To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- Prices found interim support at 1.3421 (23.6% Fib) and are attempting to bounce
- Closing above 1.3499 (38.2% Fib) eyes the 1.3563-69 area (channel bottom, 23.6% Fib)
- Turning below 1.3421 exposes 1.3294 (Nov 7 low); we continue to hold short
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
New to FX? START HERE
For live market updates, visit the Real Time News Feed