EUR/USD Technical AnalysisPrices 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.

dailyclassics_eur-usd_body_Picture_10.png, EUR/USD Technical Analysis: Support Sub-1.27 Exposed

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed