To receive Ilya's analysis directly via email, please SIGN UP HERE
Talking Points
- Prices completed a Bullish Engulfing candle pattern, hinting at gains ahead
- Above 142.60 (14.6% Fib exp.) exposes 143.90 (23.6% Fib exp.)
- Near-term support is at 140.49, the January 13 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
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? START HERE!
For live market updates, visit the Real Time News Feed
original source