To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- Prices are eyeing resistance at 1.0517 (trend line from mid-June)
- Breaking higher eyes 1.0570 (double top) but negative RSI divergence warns of weakness
- A turn below 1.0445 (61.8 Fib ret.) initially targets 1.0395 (50% 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
New to FX? START HERE
For live market updates, visit the Real Time News Feed