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Forex: EUR/USD Technical Analysis – 1.38 Holding as Resistance

Forex: EUR/USD Technical Analysis – 1.38 Holding as Resistance

2013-10-25 11:29:00
Ilya Spivak, Sr. Currency Strategist
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Talking Points

  • Prices broke resistance at 1.3743 (50% Fib), exposing 1.3806 (61.8% Fib)
  • A further push above that targets 1.3886 (76.4% Fib)
  • Back below 1.3743 targets 1.3710 (Feb 1 high), 1.3679 (38.2% Fib)

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

dailyclassics_eur-usd_body_Picture_2.png, Forex: EUR/USD Technical Analysis – 1.38 Holding as Resistance

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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