EUR/USD Technical Analysis 05.07.2013
EUR/USD Technical Analysis– Prices remain wedged between a rising trend line set from the March 27 low (1.3026) and the 38.2% Fibonacci expansion at 1.3127. A break above that initially aims for the 50% level at 1.3181. Alternatively, a reversal beneath the trend line eyes a previously broken neckline at 1.2925. We continue to hold long.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.