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Talking Points
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Prices pushed higher as expected after putting in a bullish Piercing Line candlestick pattern
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Resistance is now at 0.9378 (38.2% Fib), with a break higher targeting 0.9449 (50 % Fib)
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Turning below support at 0.9290 (23.6% Fib) eyesa rising trend line set from Feb’12 (0.9165)
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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
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