To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices are recoiling from support in the 0.8823-0.8901 area (August 2close, 23.6% Fib expansion)
- Break back above 0.9035 targets the 0.9256-95 area (horizontal pivot, 23.6% Fib retracement)
- We continue to hold long for now, aiming for a reversal against the August low toward 0.9640
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
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.