Prices are putting back from resistance at 1.3283 after putting in a bearish Gravestone Doji candlestick. Channel midline support is at 1.3158, with a break below that aiming for 1.3033. Alternatively, a reversal above resistance aims for the March 27 high at 1.3384.
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
To be added to Ilya's e-mail distribution list, please CLICK HERE
New to FX? Watch this Video. For live market updates, visit the Real Time News Feed
