To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- Prices turned lower as expected after showing Shooting Star candle, negative RSI divergence
- A break of trend lien support has triggered a short trade from here (1.6172)
- Initial target at 1.6063 (23.6% Fib); stop-loss activated on a daily close above 1.6259
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
To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya’s e-mail distribution list, please CLICK HERE
New to FX? Watch this Video. For live market updates, visit the Real Time News Feed