To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- Prices rose as expected after showing a bullish Morning Star candle pattern
- Turning above resistance at 0.8930 (23.6% Fib exp) targets 0.8958 (trend line)
- Dropping through support at 0.8893 (14.6% Fib) exposes 0.8831 (Dec 17 low)
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