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Talking Points
- Prices are testing above resistance at 157.80, the 61.8% Fib expansion
- Break higher on a daily closing basis targets the 76.4% level at 161.57
- Near-term support is at 156.57, the 50% Fib
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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