Forex: EUR/USD Technical Analysis – Rally Stalls Below 1.37

Ilya Spivak


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Talking Points


  • Prices are testing resistance at 1.3679 (38.2% Fib expansion)
  • Negative RSI divergence warns a move lower may be ahead
  • Initial support at 1.3600 (23.6% Fib); below that eyes 1.3472 (Oct 16 low)


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dailyclassics_eur-usd_body_Picture_4.png, Forex: EUR/USD Technical Analysis – Rally Stalls Below 1.37
dailyclassics_eur-usd_body_Picture_4.png, Forex: EUR/USD Technical Analysis – Rally Stalls Below 1.37

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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