EUR/USD Technical AnalysisPrices invalidated a Harami candlestick pattern identified yesterday, pushing upward to take out resistance at 1.3259 marked by the 76.4% Fibonacci retracement. The bulls now aim to challenge the June 18 swing high at 1.3416. The 1.3259 mark has been recast as near-term support, with a reversal beneath that initially targeting the 61.8% Fib at 1.3162.

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_eur-usd_body_Picture_9.png, EUR/USD Technical Analysis: June Swing High 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