Forex Analysis: EUR/USD Classic Technical Report 12.28.2012

DailyFX

Prices are holding above channel midline support and probing resistance at 1.3283, the May 1 high. This barrier is reinforced by the channel top at 1.3328. A break above that exposes the March 27 high at 1.3384. Alternatively, a reversal below the midline (1.3210) exposes the channel bottom at 1.3091.

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Forex_Analysis_EURUSD_Classic_Technical_Report_12.28.2012_body_Picture_1.png, Forex Analysis: EUR/USD Classic Technical Report 12.28.2012

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

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