EUR/USD Technical Analysis – Prices are testing resistance in the 1.3416-51 area, marked by the June 19 high and the 38.2% Fibonacci expansion. A break above that targets the 50% Fib at 1.3527. Near-term support is at 1.3357, the 23.6% expansion, with a reversal beneath that exposing the August 15 low at 1.3204.
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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