To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- Prices rallied as expected after putting in a bullish Morning Star candle pattern
- Breaking above the 0.8984-91 area (trend line, 38.2% Fib) targets 0.9041 (50% Fib)
- Turning back below 0.8930 (23.6% Fib ret.) exposes 0.8832 (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