Forex Analysis: EUR/USD Classic Technical Report 12.19.2012


Prices narrow broke above the 50% Fibonacci expansion at 1.3223 to expose the 61.8% level at 1.3354. A push above that aims for the 76.4% level at 1.3520. The 1.3223 level has been recast as near-term support, with a drop back below that aiming for the 38.2% mark at 1.3090.

View photo

Forex_Analysis_EURUSD_Classic_Technical_Report_12.19.2012_body_Picture_1.png, Forex Analysis: EUR/USD Classic Technical Report 12.19.2012

Daily Chart - Created Using FXCM Marketscope 2.0

--- 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)