Forex Analysis: EUR/USD Classic Technical Report 01.30.2013

DailyFX

Prices are testing above resistance at 1.3492, the 76.4% Fibonacci expansion. A confirmed break higher on a daily closing basis exposes the 100% level at 1.3644. Near-term support is at 1.3397, the 61.8% Fib.

View photo

.
Forex_Analysis_EURUSD_Classic_Technical_Report_01.30.2013_body_Picture_1.png, Forex Analysis: EUR/USD Classic Technical Report 01.30.2013

Daily Chart - Created Using FXCM Marketscope 2.0

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

To contact Ilya, e-mail ispivak@dailyfx.com. 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.

Rates

View Comments (0)