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Forex: EUR/USD Technical Analysis 01.31.2013

By , Currency Strategist
31 January 2013 13:48 GMT

EUR/USD Technical Analysis- Prices broke above resistance at 1.3492, the 76.4% Fibonacci expansion. Buyers now challenge the 100% level at 1.3644. The 1.3492 mark has been recast as near-term support. A reversal back below this barrier eyes the 61.8% Fib at 1.3397.

Forex_EURUSD_Technical_Analysis_01.31.2013_body_Picture_1.png, Forex: EUR/USD Technical Analysis 01.31.2013

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

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31 January 2013 13:48 GMT