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EUR/USD Technical Analysis 02.13.2013

EUR/USD Technical Analysis 02.13.2013

Ilya Spivak, Head Strategist, APAC

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.

Forex_EURUSD_Technical_Analysis_02.13.2013_body_Picture_5.png, EUR/USD Technical Analysis 02.13.2013

Daily 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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