To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- Prices declined as expected after showing a bearish Dark Cloud Cover candle pattern
- A break of support at 0.9312 (23.6% Fib) now exposes 0.9224 (38.2% Fib)
- 0.9312 is now resistance; further push lower eyes trend line support at 0.9171
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