EUR/USD Technical Analysis 04.12.2013
EUR/USD Technical Analysis– Prices continue to probe 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 1.2954. A reversal back beneath that aims for the April 4 low at 1.2745. We continue to hold long.
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