To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices put in a bullish Piercing Line candle pattern, hinting at gains ahead/
- Above 0.8819-58 (former support, 14.6% Fib exp.) eyes 0.8918 (23.6% Fib exp.)
- Near-term support is at 0.8659 (Jan 24 swing low)
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? START HERE!
For live market updates, visit the Real Time News Feed