To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- Prices completed a Head and Shoulders (HS) top below 160.00 as expected
- A near-term bounce sees prices testing resistance in the 157.06-63 area
- Break higher initially targets 159.44; near-term support is at 155.25
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? Watch this Video
For live market updates, visit the Real Time News Feed