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Talking Points
- Prices are retesting rising trend line support-turned-resistance at 1.6497
- A break higher initially targets 1.6603 (January 2 high)
- Near-term support is in the 1.6316-36 area (January 6 low, 38.2% Fib ret.)
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
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