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Forex: EUR/USD Technical Analysis – Resistance Below 1.34 in Play

Forex: EUR/USD Technical Analysis – Resistance Below 1.34 in Play

2013-09-18 12:12:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • Prices bounced higher after putting in a bullishPiercing Line candlestick pattern
  • Resistance is at 1.3370 (38.2% Fib); a break above that targets 1.3416 (June 19 high)
  • Near-term support is at 1.3268 (23.6% Fib), followed by the Sep. 6 low(1.3104)

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dailyclassics_eur-usd_body_Picture_2.png, Forex: EUR/USD Technical Analysis – Resistance Below 1.34 in Play

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

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