EUR/USD Technical Analysis – Euro Selling Accelerating
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- Prices are falling as expected after showing a Bearish Engulfing candlestick pattern
- Near-term support is at 1.3518, the 23.6% Fibonacci retracement
- Break lower exposes 1.3438 (38.2% Fib); initial resistance at 1.3645(Oct 3 high)
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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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