To receive Ilya's analysis directly via email, please SIGN UP HERE
Talking Points
- Bounce from rising trend line has exposed the 154.33-155.05 area (channel top, 38.2% Fib exp.)
- Support seen in the 149.82-150.88 region (trend line set from mid-Feb, rising channel bottom)
- Break under 149.82 eyes support at 147.69; push above resistance targets 156.57 (50% 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
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
