To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices recoiled from resistance at 0.8409, a recently broken horizontal pivot level
- Near-term support is at 0.8336, the bottom of a channel set from the August high
- A turn above resistance eyes 0.8453 (23.6% Fib). We continue tohold short
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
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.