To receive Ilya's analysis directly via email, please SIGN UP HERE
- We remain shortafter a Dark Cloud Cover pattern marked the return of selling pressure, as expected
- Sellers are now testing support at 0.8487 (61.8% Fib), with a break below exposing 0.8448 (76.4% Fib)
- A reversal back above 0.8518 (50% Fib) targets trend line support-turned-resistance at 0.8538
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.