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Talking Points
- Prices rose as expected, completing a Falling Wedge and a Morning Star candle pattern
- Near-term resistance is now at 0.8357 (23.6% Fib); above that targets 0.8404 (trend line)
- Support is at the 0.83 figure, followed by a double bottom at 0.8251
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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