Forex: EUR/USD Technical Analysis – Resistance Seen Sub-1.34

Ilya Spivak

Fri, Sep 13, 2013, 6:45 AM

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Talking Points

Prices bounced higher after putting in a bullishPiercing Line candlestick pattern
Break of resistance at 1.3268 (23.6% Fib expansion) has exposed 1.3370 (38.2% Fib)
1.3268 now recast as near-term support, followed by the September 6 lowat 1.3104

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_eur-usd_body_Picture_2.png, Forex: EUR/USD Technical Analysis – Resistance Seen Sub-1.34

Daily Chart - Created Using FXCM Marketscope 2.0

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

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Forex: EUR/USD Technical Analysis – Resistance Seen Sub-1.34

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