EUR/USD Technical Analysis: Support Seen Above 1.29 Level
EUR/USD Technical Analysis– Prices broke support at the 1.30 figure, a psychological barrier reinforced by the 61.8% Fibonacci retracement (1.3004). Sellers now aim to challenge the 76.4% level at 1.2902, with a further push beneath that eyeing a rising trend line set from mid-November at 1.2832. Alternatively, a move back above 1.3004 aims for the 50% Fib at 1.3083.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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