Forex: EUR/USD Technical Analysis – Candle Setup Marks Top
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices fell as expected, expanding a Harami candle pattern into an Evening Star setup
- Near-term support is at 1.3660 (23.6% Fib); break below that targets 1.3553 (38.2% Fib)
- Resistance is in the 1.3831-61 area (October 25 high, Rising Channel top)
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? START HERE
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.