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Talking Points
- A bullish Piercing Line candlestick pattern hints a rebound may be ahead
- Breaking above 0.8316 (23.6% Fib ret.) targets 0.8345 (38.2% Fib ret.)
- Near-term support is at 0.8269 (January 2 low)
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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