To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- A bullish Morning Star candlestick pattern hints a move higher is ahead
- Breaking above resistance at 0.8936 (23.6% Fib ret.) exposes 0.8996 (38.2% Fib ret.)
- Support is in the 0.8820-39 (23.6% Fib expansion, Dec 11 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