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Talking Points
- Prices may be carving out a Head and Shoulders top below the 160.00 figure
- Confirmation requires a close below 157.73 (HS neckline, 23.6% Fib)
- Break lower initially exposes 156.34 (38.2% Fib); Resistance is at 159.98 (Sep 19 high)
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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