To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- Prices broke support in the 0.8889-0.8901 area (Oct 24 low, 61.8% Fib exp.)
- Sellers now target 0.8818 (76.4% Fib exp.); below that exposes 0.8685 (100% Fib)
- Turning above 0.8901 targets 0.8941 (channel bottom), 0.8967 (50% 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
New to FX? START HERE
For live market updates, visit the Real Time News Feed