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Talking Points
- Breaking neckline support at 0.8214 (38.2% Fib) points to a Head Shoulders top
- Below 0.8113 (50% Fib) eyes 0.8011 (38.2% Fib); the HS-implied target is at 0.7885
- Reversing back above 0.8214 sees resistance in the 0.8382-0.8435 area (Sep 18-19 highs)
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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