EUR/USD Technical Analysis: Support Seen Above 1.29 Level

DailyFX

EUR/USD Technical AnalysisPrices broke support at the 1.30 figure, a psychological barrier reinforced by the 61.8% Fibonacci retracement (1.3004). Sellers now aim to challenge the 76.4% level at 1.2902, with a further push beneath that eyeing a rising trend line set from mid-November at 1.2832. Alternatively, a move back above 1.3004 aims for the 50% Fib at 1.3083.

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dailyclassics_eur-usd_body_Picture_2.png, EUR/USD Technical Analysis: Support Seen Above 1.29 Level

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

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