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Talking Points

• A Shooting Star candle at falling trend line resistance hints a move lower is ahead

• Support is at0.8214 (38.2% Fib ret.); a close below that confirms a Head & Shoulders top

• Breaking above the trend line (0.8326) aims to for the 0.8382-0.8435area (Sep 18-19 highs)

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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