To receive Ilya's analysis directly via email, please SIGN UP HERE
- Bounce from 1.5482 (38.2% Fib, trends line from Dec’12 and Jul’13) targets 1.5571 (23.6% Fib)
- Daily close above 1.5571 exposes 1.5720, the June closing high and a possible double top
- Reversal below support aims for 1.5409, the 50% Fib retracement
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.