To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- Prices appear to be carving out a Falling Wedge chart pattern, arguing for a turn higher
- Confirmation requires a close above 0.9113 (23.6% Fib), exposing 0.9251 (38.2% Fib)
- Support is at 0.9028 (14.6% Fib); below that eyes the 0.90 figure, 0.8889 (Oct low)
Confirm your chart-based trade setups with the Technical Analyzer.
Weekly 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