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Talking Points
- Prices are testing resistance is at 1.6162, the September 18 high
- A break higher targets 1.6330 (100% Fibonacci expansion)
- Near-term support at 1.5985 (61.8% Fib), followed by 1.5878 (50% Fib)
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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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