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Talking Points
- Prices reversed sharply higher, forming a bullish Piercing Line candle pattern
- Breaking above 171.27 (14.6% Fib exp.) exposes 173.08 (23.6% Fib exp.)
- Near-term support comes in at 168.78 (rising trend line)
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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