EUR/USD Technical Analysis 04.10.2013

DailyFX

EUR/USD Technical Analysis– Prices continue to push higher after putting in a bullish Harami candlestick pattern. Buyers are targeting the 23.6% Fibonacci expansion at 1.3139, with a break above that exposing the 38.2% level at 1.3383. Trend line resistance-turned-support is at 1.2969. A reversal back beneath that aims for 1.2763. We continue to hold long.

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Forex_EURUSD_Technical_Analysis_04.10.2013_body_Picture_5.png, EUR/USD Technical Analysis 04.10.2013

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

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