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Talking Points
- Prices are testing above resistance at 1.6585 (23.6% Fib exp.)
- A break higher on a daily closing basis eyes 1.6595-1.6603 (38.2% Fib exp., Jan 2 high)
- Near-term support is at 1.6439 (falling channel resistance-turned-support)
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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