EUR/USD Technical Analysis 02.28.2013
EUR/USD Technical Analysis– Prices are testing resistance at 1.3171, the 14.6% Fibonacci retracement. A break higher targets the 1.3253-1.3266 area, marked by a falling trend line and the 23.6% level. Initial support is at 1.3017, the February 26 low.
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