Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account

Resources

Forex Analysis: EUR/USD Classic Technical Report 12.21.2012

By , Currency Strategist
21 December 2012 14:01 GMT

Prices are putting back from resistance at 1.3283 after putting in a bearish Gravestone Doji candlestick. Channel midline support is at 1.3158, with a break below that aiming for 1.3033. Alternatively, a reversal above resistance aims for the March 27 high at 1.3384.

Forex_Analysis_EURUSD_Classic_Technical_Report_12.21.2012_body_Picture_1.png, Forex Analysis: EUR/USD Classic Technical Report 12.21.2012

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.

21 December 2012 14:01 GMT