EUR/USD Technical Analysis 04.09.2013
EUR/USD Technical Analysis– Prices continue to push higher after putting in a bullish Harami candlestick pattern. Buyers narrowly broke above the 1.30 figure, exposing the 23.6% Fibonacci expansion at 1.3139. Trend line resistance-turned-support is at 1.2975, with a break back below that eyeing a larger downward-slowing barrier at 1.2783as well as 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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