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Talking Points
- Prices are testing support-turned-resistance at a rising trend line set from June (1.0479)
- A break higher initially targets 1.0508 (100% Fib expansion)
- Reversing below 1.0452 (76.4%) exposes 1.0417 (61.8% 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
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