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Talking Points
- Prices are testing resistance at 0.8313 (50% Fib ret., falling channel top)
- A break higher initially targets 0.8368 (61.8% Fib retracement)
- Turning below support at 0.8259 (38.2% Fib) aims for 0.8192 (23.6% Fib)
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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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