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Talking Points
- Prices moved lower as expected and we are holding a short position
- Closing above 1.3625 (trend line) exposes 1.3654 (38.2% Fib ret.)
- Back below 1.3598 (23.6% Fib ret.) targets 1.3507 (Jan 20 swing low)
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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