Trade FOREX with FXCM

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


Forex: EUR/USD Technical Analysis – Ready to Turn Lower?

By , Currency Strategist
11 December 2013 10:49 GMT

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points

  • A Shooting Star below rising channel resistance hints at a pullback ahead
  • Breaking below 1.3706 (38.2% Fib exp.) exposes 1.3623 (channel bottom)
  • Pushing through the channel top (1.3772) initially targets 1.3833 (50% Fib exp.)

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

dailyclassics_eur-usd_body_Picture_12.png, Forex: EUR/USD Technical Analysis – Ready to Turn Lower?

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

Contact and follow Ilya on Twitter: @IlyaSpivak


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

11 December 2013 10:49 GMT