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Talking Points

• Prices rose as expected after showing a Doji candle, completing a Falling Wedge pattern

• Resistance is in the 0.9189-0.9218 area (trend line from Feb’12, 38.2% Fib)

• Break higher eyes 0.9320 (50% Fib); support is at 0.9121 (Wedge 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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