EUR/USD Technical Analysis 04.08.2013
EUR/USD Technical Analysis– Prices continue to push higher after putting in a bullish Harami candlestick pattern. Buyers are now testing above the 1.30 figure, with a break above that on a daily closing basis eyeing the 23.6% Fibonacci expansion at 1.3139. The trend line, now at 1.2801, has been recast as support. A turn back below that eyes the March 27 low at 1.2750. We continue to hold long.
Daily Chart - Created Using FXCM Marketscope 2.0
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--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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