EUR/USD Technical Analysis 03.01.2013

DailyFX

EUR/USD Technical Analysis– Prices are testing below support at 1.3061, the 61.8% Fibonacci retracement. A break lower aims for the 76.4% level at 1.2907. Near-term resistance is at 1.3185, marked by the intersection of the 50% Fib and a downward-sloping trend line set from the February 1 high.

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Forex_EURUSD_Technical_Analysis_03.01.2013_body_Picture_5.png, EUR/USD Technical Analysis 03.01.2013

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

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