By To receive Ilya's analysis directly via email, please SIGN UP HERE
Talking Points
- Prices moved lower as expected after showing a Bearish Engulfing candle pattern
- Breaking below 1.3580 (trend line from Sep) eyes 1.3458 (38.2% Fib); we’re short
- Above 1.3624-45 (23.6% Fib, Oct 3 high) targets 1.3760 (trend line from Nov)
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
