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Talking Points
- Prices a retesting resistance in the 0.8214-35 area (38.2% Fib ret., channel top)
- A break higher initially targets 0.8334 (December 10 high)
- Below support at 0.8112 (50% Fib ret.) exposes 0.8011 (61.8% Fib ret.)
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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