Trade FOREX with FXCM

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


Forex Analysis: EUR/USD Classic Technical Report 12.28.2012

By , Currency Strategist
28 December 2012 06:44 GMT

Prices are holding above channel midline support and probing resistance at 1.3283, the May 1 high. This barrier is reinforced by the channel top at 1.3328. A break above that exposes the March 27 high at 1.3384. Alternatively, a reversal below the midline (1.3210) exposes the channel bottom at 1.3091.

Forex_Analysis_EURUSD_Classic_Technical_Report_12.28.2012_body_Picture_1.png, Forex Analysis: EUR/USD Classic Technical Report 12.28.2012

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail 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

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

28 December 2012 06:44 GMT