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Talking Points
- Prices declined as expected after showing a Shooting Star candlestick
- Breaking below0.8214 (38.2% Fib ret.) confirms a Head Shoulders top
- Above resistance at 0.8336 (trend line) targets the 0.8382-0.8435 (Sep 18-19 swing 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
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