To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- Prices pulled back from resistance in the 100.31-60 area (Sep top, trend line from mid-June)
- Support is at 98.75; breaking below that eyes 98.05 (rising trend line from Oct 8 bottom)
- A reversal upward through resistance targets 101.52 (July 8 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
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? START HERE
For live market updates, visit the Real Time News Feed