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Euro Forecast: EUR/USD May Struggle if Dovish ECB Talks Numb Data Reactions
2021-05-16 03:00:00
US Dollar Outlook: USD/JPY Hinges on Treasury Yield Volatility
2021-05-14 23:00:00
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WTI Crude Oil Technical Forecast – Channel Meets Big Resistance
2021-05-15 16:00:00
Crude Oil Prices May Fall as US Retail Sales Data Shapes Fed Outlook
2021-05-14 04:00:00
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Markets Week Ahead: Dow Jones, Gold, Bitcoin, US Dollar, Still Dovish Fed, FOMC Minutes
2021-05-16 20:00:00
Stock Market Forecast for the Week Ahead: Will Risk Appetite Recover?
2021-05-16 12:00:00
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Markets Week Ahead: Dow Jones, Gold, Bitcoin, US Dollar, Still Dovish Fed, FOMC Minutes
2021-05-16 20:00:00
Gold Price Forecast: Gold Bulls Fire- XAU/USD Major Breakout Awaits?
2021-05-16 00:00:00
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2021-05-15 03:37:00
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EURUSD Classic Technical Report 07.10.2012

EURUSD Classic Technical Report 07.10.2012

Ilya Spivak, Head Strategist, APAC

Prices are testing support at 1.2247, the 50%Fibonacci expansion. A bounce from here sees initial resistance lines up at 1.2366, the 38.2% Fib, with a break above that exposing 1.2429. Alternatively, renewed selling that takes prices through support targets the 61.8% expansion at 1.2131.

EURUSD_Classic_Technical_Report_07.10.2012_body_Picture_5.png, EURUSD Classic Technical Report 07.10.2012

8hr 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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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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