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Talking Points
- Prices broke resistance at 1.0609 (76.4% Fib exp.) exposes 1.0669 (100% Fibexp.)
- A further push above that targets 1.0729 (123% Fib exp.)
- Turning back below 1.0609 exposes the 1.0570-71 area (double top, 61.8% Fib exp.)
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
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