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Talking Points
- Prices rose as expected after showing a Bullish Engulfing candle pattern
- Pushing above 0.8317 (50% Fib ret.) targets 0.8352 (61.8% Fib ret.)
- Below 0.8281 (38.2% Fib ret.) aims for 0.8238 (23.6% Fib ret.)
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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