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Talking Points
- A bullish Morning Star candle pattern hints at gains and we’ve entered long
- Above resistance at 103.85 (23.6% Fib exp.) exposes 104.16 (channel top)
- Near-term supports are at 102.00 (channel bottom), 101.76 (Jan 27 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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