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Talking Points
- Prices are edging higher after showing a Bullish Engulfing candle pattern
- Closing above 0.9111 (38.2% Fib exp.) exposes 0.9150 (50% Fib exp.)
- Near-term support lines up at 0.8986 (horizontal pivot)
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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