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.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
- Investment & Company Information