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Talking Points
- Prices moved lower as expected and we are holding a short position
- A break below 1.3604 (trend line) exposes 1.3566 (38.2% Fib exp.)
- Turning above 1.3679 (38.2% Fib ret.) aims for 1.3720 (50% 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
Contact and follow Ilya on Twitter: @IlyaSpivak
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