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Talking Points

• A Spinning Top candle below the 135.31-58 area (double top, 100% Fib) warns of weakness

• Initial support is at 134.55 (76.4% Fib); breaking below that aims for 133.91 (61.8% Fib)

• A break above resistance on daily closing basis exposes targets 136.61 (123.6 % 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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