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Talking Points
- Prices declined as expected after showing a bearish Dark Cloud Cover candle pattern
- Support is now at 0.9081 (61.8% Fib); push beneath that exposes 0.8993 (76.4% Fib)
- Resistance is in the 0.9152-71 area (trend line, 50% Fib); break higher eyes 0.9224 (38.2% Fib)
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
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