By To receive Ilya's analysis directly via email, please SIGN UP HERE
Talking Points
- Prices are recoiling from resistance at 0.8287 (23.6% Fib expansion)
- Breaking below 0.8192 (channel top) exposes 0.8106 (horizontal pivot)
- Reversing above resistance initially targets 0.8413 (38.2% 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
