Forex: EUR/USD Technical Analysis – June Top Under Fire

Ilya Spivak

EUR/USD Technical AnalysisPrices are testing resistance in the 1.3416-51 area, marked by the June 19 high and the 38.2% Fibonacci expansion. A break above that targets the 50% Fib at 1.3527. Near-term support is at 1.3357, the 23.6% expansion, with a reversal beneath that exposing the August 15 low at 1.3204.

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dailyclassics_eur-usd_body_Picture_2.png, Forex: EUR/USD Technical Analysis – June Top Under Fire
dailyclassics_eur-usd_body_Picture_2.png, Forex: EUR/USD Technical Analysis – June Top Under Fire

Daily Chart - Created Using FXCM Marketscope 2.0

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

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