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Talking Points
- A bearish Dark Cloud Cover candle pattern marked a turn lower, as expected
- Breaking below 1.5899 (23.6% Fib exp.) eyes the 1.5675-1.5720 area (38.2% Fib, June top)
- Reversing above falling trend line resistance (1.6046) exposes 1.6230 (trend line from Jul’13)
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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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