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Talking Points

• Prices rose as expected after putting in a bullish Three Inside Up candlestick pattern

• Breaking resistance at 10706-26 (Dec 4 high, 38.2% Fib) exposes 1.0778 (50% Fib)

• Turning below 1.0640 (channel bottom) eyes 1.0570 (formerly broken double top)

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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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