To receive Ilya's analysis directly via email, please SIGN UP HERE
Talking Points
- Prices are consolidating above support at 157.79 (trend line from August)
- Break lower targets 157.06 (23.6% Fib retracement)
- Resistance at 159.44 (38.2% Fib exp.); above that eyes 160.90 (50% Fib exp.)
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