To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- Prices reversed sharply higher, forming a bullish Piercing Line candle pattern
- Breaking above 171.27 (14.6% Fib exp.) exposes 173.08 (23.6% Fib exp.)
- Near-term support comes in at 168.57 (rising trend line)
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