To receive Ilya's analysis directly via email, please SIGN UP HERE
Talking Points
-
Prices testing Double Top resistance at 1.5720, bolstered by the 38.2% Fib exp. (1.5771)
-
A break upward initially exposes the 50% expansion at 1.5878
-
Negative RSI divergence warns of turn lower. Channel support (1.5580) break need to confirm
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
To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak
New to FX? Watch this Video. For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.