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EUR/USD Technical Analysis 04.02.2013

Ilya Spivak

EUR/USD Technical Analysis– Prices are testing falling trend line resistance at 1.2883, with a break upward exposing the 1.30 figure and the 23.6% Fibonacci expansion at 1.3144. Near-term support is at 1.2750, the March 27 low.

Forex_EURUSD_Technical_Analysis_04.02.2013_body_Picture_5.png, EUR/USD Technical Analysis 04.02.2013

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

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