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Forex: EUR/USD Technical Analysis – 1.37 Figure Under Fire

Forex: EUR/USD Technical Analysis – 1.37 Figure Under Fire

2013-10-31 09:47:00
Ilya Spivak, Sr. Currency Strategist
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Talking Points

  • Prices fell as expected, expanding a Harami candle pattern into an Evening Star setup
  • A daily close below support at 1.3725 (14.6% Fib) exposes 1.3660 (23.6% Fib)
  • Resistance is in the 1.3831-73 area (October 25 high, Rising Channel top)

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

dailyclassics_eur-usd_body_Picture_11.png, Forex: EUR/USD Technical Analysis – 1.37 Figure Under Fire

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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