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Talking Points

• A Shooting Star candle below resistance at 0.9409 (38.2% Fib ret.) warns of a turn lower

• Breaking below 0.9302 (50% Fib) eyes 0.9195 (61.8% Fib), negates bullish Piercing Line setup

• Closing above 0.9409 exposes the next upside barrier at 0.9542 (23.6% 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

Contact and follow Ilya on Twitter: @IlyaSpivak

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