EUR/USD Technical Analysis 02.01.2013
EUR/USD Technical Analysis- Prices broke above resistance at 1.3492, the 76.4% Fibonacci expansion, with buyers now challenging the 100% level at 1.3644. A push above that aims for the 123.6% expansion at 1.3796. The 1.3492 mark has been recast as near-term support. A reversal back below that eyes the 61.8% Fib at 1.3397.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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