EUR/USD Technical Analysis 02.06.2013
EUR/USD Technical Analysis- Prices put in a Bearish Engulfing candlestick pattern below resistance at 1.3643, the 100% Fibonacci expansion, and descended to support at the 76.4% level (1.3491). A break below that targets the 61.8% expansion at 1.3398. Alternatively, a reversal above resistance aims for the 123.6% Fib at 1.3798.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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