Forex: EUR/USD Technical Analysis – Buyers Set Sights on 1.3370

Ilya Spivak


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Talking Points


  • Prices bounced higher after putting in a bullishPiercing Line candlestick pattern
  • Break of resistance at 1.3268 (23.6% Fib expansion) has exposed 1.3370 (38.2% Fib)
  • 1.3268 now recast as near-term support, followed by the September 6 lowat 1.3104


Confirm your chart-based trade setups with the Technical Analyzer.


dailyclassics_eur-usd_body_Picture_2.png, Forex: EUR/USD Technical Analysis – Buyers Set Sights on 1.3370
dailyclassics_eur-usd_body_Picture_2.png, Forex: EUR/USD Technical Analysis – Buyers Set Sights on 1.3370

Daily Chart - Created Using FXCM Marketscope 2.0




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


Contact and follow Ilya on Twitter: @IlyaSpivak


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