To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- Prices are testing support-turned-resistance at 1.6131; above that eyes 1.6259 (Oct 1 high)
- Near-term support is at 1.5899 (23.6% Fibonacci expansion)
- A break downward exposes the 1.5675-1.5720 area (38.2% Fib, mid-June top)
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