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Talking Points
- Prices broke above support-turned-resistance in the 0.8397-0.8409 area, exposing 0.8450 (23.6% Fib)
- A daily close above that exposes 0.8511 (38.2% Fib); back under 0.8397 eyes 0.8352 (Sep 18 low)
- We continue tohold short, looking for a larger bounce as an opportunity to add to the trade
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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