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Talking Points
- Prices are turning lower after putting in a Shooting Star candlestick pattern
- A close below 0.8330 (23.6% Fib exp., channel bottom) exposes 0.8267 (61.8% Fib exp.)
- Reversing back into the channel sees near-term resistance 0.8382 (horizontal pivot)
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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