EUR/USD Technical Analysis 04.11.2013


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 1.2963. A reversal back beneath that aims for the April 4 low at 1.2745. We continue to hold long.

View photo

Forex_EURUSD_Technical_Analysis_04.11.2013_body_Picture_5.png, EUR/USD Technical Analysis 04.11.2013

Daily Chart - Created Using FXCM Marketscope 2.0

Want to back-test your technical trading strategy? Download the historical data here.

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

View Comments (0)