EUR/USD Technical Analysis- Prices broke above resistance at 1.3492, the 76.4% Fibonacci expansion. Buyers now challenge the 100% level at 1.3644. The 1.3492 mark has been recast as near-term support. A reversal back below this barrier eyes the 61.8% Fib at 1.3397.
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.
