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Talking Points
- Prices completed a Head and Shoulders (HS) top below 160.00 as expected
- A bounce from support at 155.25 (38.2%) eyes resistance at 157.06 (23.6% Fib)
- Break higher targets 158.09 (HS neckline); below support aims for 153.78 (50% Fib)
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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