Forex: EUR/USD Technical Analysis – Resistance Below 1.34 in Play
To receive Ilya's analysis directly via email, please SIGN UP HERE
- 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)
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
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? Watch this Video
For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.