EURUSD Classic Technical Report 09.20.2012
Prices are pulling back from resistance at 1.3145, the 76.4% Fibonacci retracement level, to probe below the 1.30 figure. This barrier is reinforced by the 61.8% level at 1.2934, with a break below that targeting the 50% retracement at 1.2763. Alternatively, a push above resistance exposes swing highs at 1.3283 and 1.3384.
Daily Chart - Created Using FXCM Marketscope 2.0
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