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Talking Points
- Prices are testing 0.8299 (50% Fib exp.); below that exposes 0.8260 (61.8% Fib exp.)
- Near-term resistance is at 0.8339 (38.2% Fib expansion)
- A reversal higher aims for 0.8387 (23.6% Fib exp.)
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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