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Talking Points

• Prices are testing 0.8299 (50% Fib exp.); below that exposes 0.8260 (61.8% Fib exp.)

• Near-term resistance is at 0.8339 (38.2% Fib expansion)

• A reversal higher aims for 0.8387 (23.6% 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

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