English
Français
Deutsch
Español
日本語
ελληνικά
العربية
中文
Dansk
Prices are testing above 100% Fibonacci expansion resistance at 0.8504, with a confirmed break on a daily closing basis exposing the 123.6% level at 0.8560. Near-term support is at 0.8447, the 76.4% Fib. A reversal back below that initially eyes the 61.8% expansion at 0.8412.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
New to FX? Watch this Video. For live market updates, visit the Real Time News Feed
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.
