To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- A Shooting Star below resistance at 0.8386 (23.6% Fib) hints at a turn lower ahead
- Near-term support is at 0.8192, marked by the Oct 2 and Oct 30 swing lows
- Breaking above resistance targets 0.8435 (Sep 19 high), 0.8507 (38.2% Fib)
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