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Talking Points
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Bullish Morning Star candle pattern above support at 0.8387 (100% Fib) hints at upswing
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Near-term resistance at 0.8449 (76.4% Fib); break higher aims for the 61.8% Fib at 0.8488
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Bounce from here is likely to be corrective and we will continue to hold a short position
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak
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