To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- Prices completed abullish Triangle chart pattern, hinting the long-term uptrend is set to resume
- A break of resistance in the 99.62-67 area (channel top, 50% Fib) would expose 110.58 (61.8% Fib)
- Near-term support is now at 98.76 (38.2% Fib expansion), followed by the Triangle top at 98.33
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
New to FX? Watch this Video. For live market updates, visit the Real Time News Feed