To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- Prices turned lower as expected after showing a Dark Cloud Cover candle pattern
- Breaking above 103.23-37 (23.6% Fib exp, Dec 3 high) overturns the topping setup
- Support is at 101.76 (23.6% Fib ret.); below that targets 100.77 (38.2% Fib ret.)
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