To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- Prices are rising as expected after showing a Bullish Engulfing candle pattern
- A close above 0.9082 (23.6% Fib) has exposed 0.9153 (38.2% Fib)
- Reversing back below 0.9082 targets 0.8967, the October 3 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? Watch this Video
For live market updates, visit the Real Time News Feed