EUR/USD Technical Analysis 03.27.2013
EUR/USD Technical Analysis– Prices are testing below support at 1.2843, the 23.6% Fibonacci expansion. A break downward confirmed on a daily closing basis exposes the 38.2% level at 1.2716. Near-term falling channel resistance is at the 1.3022.
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.