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Talking Points
- Prices broke resistance 0.8278 (23.6% Fib exp.), exposing 0.8399 (38.2% Fib exp.)
- A further push above that aims for 0.8496 (50% Fib exp.)
- Reversing below 0.8278 targets 0.8206 (channel resistance-turned-support)
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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