EUR/USD Technical Analysis 04.10.2013
EUR/USD Technical Analysis– Prices continue to push higher after putting in a bullish Harami candlestick pattern. Buyers are targeting the 23.6% Fibonacci expansion at 1.3139, with a break above that exposing the 38.2% level at 1.3383. Trend line resistance-turned-support is at 1.2969. A reversal back beneath that aims for 1.2763. 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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