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Talking Points
- A Shooting Star candle below resistance at 164.18 (76.4% Fib exp.) hints at losses ahead
- Support is at 162.37 (61.8% Fib exp.); breaking below that targets 160.90 (50% Fib exp.)
- Pushing above resistance sees the next upside barrier at 167.10 (100% Fib expansion)
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
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