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Talking Points
- Prices moved higher as expected, completing a Triangle chart formation
- Closing above 1.0930 (61.8% Fib exp.) exposes 1.1011 (76.4% Fib exp.)
- Reversing back below 1.0865 (50% Fib exp.) eyes 1.0799 (38.2% 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
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