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Talking Points
- A Dark Cloud Cover candlestick pattern hints a move lower is ahead
- Initial support at 0.9312 (23.6% Fib exp.); a break below that targets 0.9224 (38.2% Fib)
- Near-term resistance is at 0.9455, the September 6 swing high
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
To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak
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