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EUR/USD Technical Analysis – Euro Set to Turn Lower?

EUR/USD Technical Analysis – Euro Set to Turn Lower?

2013-10-02 12:19:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • Negative RSI divergence below resistance at 1.3534 (61.8% Fib) warns of weakness
  • Near-term support is in the 1.3416-52 area (June 19 high, 50% Fib)
  • A break lower exposes 1.3370 (38.2% Fib); above resistance eyes 1.3636 (76.4% Fib)

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

dailyclassics_eur-usd_body_Picture_3.png, EUR/USD Technical Analysis – Euro Set to Turn Lower?

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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