To receive Ilya's analysis directly via email, please SIGN UP HERE
Talking Points
- Prices are retesting above support-turned resistance at 0.8202 (61.8% Fib exp.)
- A break higher initially exposes 0.8230 (Jan 9 swing low, 50% Fib exp.)
- Reversing below 0.8168 (76.4% Fib exp.) targets 0.8112 (100% 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
New to FX? START HERE!
For live market updates, visit the Real Time News Feed
original source