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Talking Points
- Prices are testing above resistance at 170.66 (14.6% Fib exp.)
- A break higher on a daily closing basis exposes 172.47 (23.6% Fib exp.)
- Support is in the 167.68-75 area (Jan 27 low, falling channel bottom)
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
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