EUR/USD Technical Analysis 02.01.2013

DailyFX

EUR/USD Technical Analysis- Prices broke above resistance at 1.3492, the 76.4% Fibonacci expansion, with buyers now challenging the 100% level at 1.3644. A push above that aims for the 123.6% expansion at 1.3796. The 1.3492 mark has been recast as near-term support. A reversal back below that eyes the 61.8% Fib at 1.3397.

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Forex_EURUSD_Technical_Analysis_02.01.2013_body_Picture_1.png, EUR/USD Technical Analysis 02.01.2013

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--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

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