EUR/USD Technical Analysis 02.13.2013
EUR/USD Technical Analysis– Prices rebounded from support at 1.3353, the 50% Fibonacci retracement, taking out the 38.2% level at 1.3437. Buyers are now aiming to challenge the 23.6% level at 1.3541. The 1.3353 level has been recast as support. A reversal below that aims for the 61.8% mark at 1.3269.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail firstname.lastname@example.org. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.