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Talking Points

• Prices overturned signs of topping to break above 164.18 (76.4% Fib expansion)

• Resistance is now at 167.10 (100% Fib); above that targets 170.03 (123.6% Fib)

• A turn back below 164.18 aims for 162.37 (61.8% 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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