EUR/USD Technical Analysis 03.27.2013

DailyFX

EUR/USD Technical Analysis– Prices are testing below support at 1.2843, the 23.6% Fibonacci expansion. A break downward confirmed on a daily closing basis exposes the 38.2% level at 1.2716. Near-term falling channel resistance is at the 1.3022.

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Forex_EURUSD_Technical_Analysis_03.27.2013_body_Picture_5.png, EUR/USD Technical Analysis 03.27.2013

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

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