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Talking Points
- Prices are stalling below resistance at 0.8986 (23.6% Fib exp.)
- A break higher on a daily closing basis exposes 0.9038 (38.2% Fib exp.)
- Support is at 0.8936 (rising trend line), followed by 0.8902 (Jan 24 low)
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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