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Talking Points:
– Prices broke above resistance at 138.82 (100% Fib expansion)
– Resistance is now at 139.94 (123.6% Fib); above that aims for 140.63 (138.2% Fib)
– A turn back below 138.82 aims for 137.71 (76.4% Fib exp.)
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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