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Talking Points
- We continue tohold short as prices test below support at 0.8374 (23.6% Fib)
- A daily close below support initially exposes 0.8313 (38.2% Fib expansion)
- Resistance is in the 0.8397-0.8409 area, followed by a channel top at 0.8432
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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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