To receive Ilya's analysis directly via email, please SIGN UP HERE
Talking Points
- Prices rose as expected after forming a Bullish Engulfing pattern at support near 0.89
- We continue to hold a long positionas the focus turns to trend line resistance at 0.9094
- Break above 0.9094 targets the 0.9256-95 area (range top, 23.6% 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 ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak
New to FX? Watch this Video. For live market updates, visit the Real Time News Feed
