U.S. Markets open in 3 hrs 46 mins

EUR/USD Technical Analysis: Support Held at 1.30 Level

Ilya Spivak


EUR/USD Technical AnalysisPrices found support at the 1.30 figure, a psychological barrier reinforced by the 61.8% Fibonacci retracement. A recovery from here that clears initial resistance at the 50% level (1.3080) exposes the 38.2% Fib at 1.3159. Alternatively, a push beneath support aims for the 76.4% retracement at 1.2902.


dailyclassics_eur-usd_body_Picture_2.png, EUR/USD Technical Analysis: Support Held at 1.30 Level

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.