Forex: EUR/USD Technical Analysis – Advance Stalls Above 1.36

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Talking Points

  • Prices broke resistance at 1.3534 (61.8% Fib), exposing 1.3636 (76.4% Fib)
  • A further push above that aims for the 100% Fib expansion at 1.3801
  • Reversing back below 1.3534 targets the 1.3416-52 area (June 19 high, 50% Fib)

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dailyclassics_eur-usd_body_Picture_12.png, Forex: EUR/USD Technical Analysis – Advance Stalls Above 1.36

Daily Chart - Created Using FXCM Marketscope 2.0

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

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