Trade FOREX with FXCM

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


EUR/USD Technical Analysis: Early Reversal Signs Emerge

By , Currency Strategist
25 July 2013 04:15 GMT

EUR/USD Technical AnalysisPrices are showing a Harami candlestick pattern below resistance at 1.3260, the 76.4% Fibonacci retracement, hinting a reversal lower may be ahead. Confirmation requires a daily close below initial support at 1.3163, the 61.8% level, a move that would expose the 50% Fib at 1.3085 as the next downside objective. Alternatively, a move above resistance eyes the June 19 high at 1.3416.

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

dailyclassics_eur-usd_body_Picture_2.png, EUR/USD Technical Analysis: Early Reversal Signs Emerge

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

25 July 2013 04:15 GMT