EUR/USD Technical Analysis – Euro Set to Turn Lower?
To receive Ilya's analysis directly via email, please SIGN UP HERE
- 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.
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.