Forex: EUR/USD Technical Analysis – Sellers Set Sights on 1.31
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- Prices declined as expected after putting in a bearish Dark Cloud Cover candlestick pattern
- Break of support at 1.3185 (38.2% Fib) has exposed 1.3103 (50% Fib) as the next barrier
- A turn back above 1.3185 targets 1.3286, the 23.6% Fib retracement
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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