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Talking Points
- Prices moved lower as expected after showing a Bearish Engulfing candle pattern
- Breaking below 1.3584 (trend line from Sep) eyes 1.3458 (38.2% Fib); we’re short
- Above 1.3624-45 (23.6% Fib, Oct 3 high) targets 1.3741 (trend line from Nov)
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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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