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Talking Points
- A Rising Wedge chart pattern warns a reversal lower may be brewing ahead
- Breaking below 0.8550 (50% Fib) targets the Wedge bottom at 0.8516
- Pushing above the Wedge top (now at 0.8584) initially targets 0.8602 (61.8% Fib)
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
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