To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- Break above at 1.0542 (50% Fib expansion) hints bearish Shooting Starnegated
- Bulls now aim to challenge the 1.0608-13 area (July 5 swing high, 61.8% Fib)
- Reversal and daily close back below 1.0542 aims for 1.0472 (38.2% 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
To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak
New to FX? Watch this Video. For live market updates, visit the Real Time News Feed