Forex: EUR/USD Technical Analysis – June Top Under Fire
EUR/USD Technical Analysis – Prices are testing resistance in the 1.3416-51 area, marked by the June 19 high and the 38.2% Fibonacci expansion. A break above that targets the 50% Fib at 1.3527. Near-term support is at 1.3357, the 23.6% expansion, with a reversal beneath that exposing the August 15 low at 1.3204.
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail firstname.lastname@example.org. 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.