Trade FOREX with FXCM

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


EUR/USD Technical Analysis 05.14.2013

By , Currency Strategist
14 May 2013 11:42 GMT

EUR/USD Technical Analysis– Prices are testing support at 1.2953, the April 24 low, with a break lower targeting the 38.2% Fibonacci expansion at 1.2873. A further push beneath that aims for the 50% Fib at 1.2759. Near-term resistance is at the underside of a recently broken rising trend line (now at 1.3100), with a turn back above that eyeing the April 16 high at 1.3201.

Forex_EURUSD_Technical_Analysis_05.14.2013_body_Picture_5.png, EUR/USD Technical Analysis 05.14.2013

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

14 May 2013 11:42 GMT