EUR/USD Technical Analysis: Support Sub-1.27 Exposed
EUR/USD Technical Analysis– Prices breached support at a rising trend line set from early November 2012, a barrier reinforced by the 61.8% Fibonacci expansion at 1.2819. Sellers now aim to challenge the 76.4% level at 1.2678. The 1.2819 mark has been recast as near-term resistance.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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