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EURUSD 13350-13275 Former Support is Resistance

EURUSD 13350-13275 Former Support is Resistance

2012-04-25 01:44:00
Jamie Saettele, CMT, Sr. Technical Strategist

DailyBars

eliottWaves_eur-usd_body_eurusd.png, EURUSD 13350-13275 Former Support is Resistance

Prepared by Jamie Saettele, CMT

The rally from 13385 has so far failed at the 61.8% retracement of the 13385-12994 decline. Resistance on a push above 13236 is defined by former support at 13250 and 13275 and the trendline that extends off of the February and April highs at 13295.

Bottom Line (next 5 days): topping

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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