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Talking Points
- Prices broke resistance at 1.0684 (23.6% Fib exp.), exposing 1.0760 (38.2% Fib exp.)
- Resistance is reinforced by a channel top at 1.0772; above that eyes 1.0822 (50% Fib)
- Turning back below 1.0684 exposes 1.0590 (rising channel bottom)
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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