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Talking Points

• Prices declined as expected after showing a Shooting Star candlestick

• Breaking below0.8192 (Oct 2, 30 lows) confirms a Head & Shoulders top

• Above resistance at 0.8386 (23.6% Fib) targets 0.8435 (Sep 19 swing high)

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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