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Forex: EUR/USD Technical Analysis – Rejected at Channel Barrier

Forex: EUR/USD Technical Analysis – Rejected at Channel Barrier

2013-12-02 12:07:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • A Harami candle pattern at rising channel support-turned-resistance hints at weakness
  • Near-term support is at 1.3415 (38.2% Fib); below that targets 1.3415 (38.2% Fib)
  • Channel resistance is now at 1.3627

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

dailyclassics_eur-usd_body_Picture_12.png, Forex: EUR/USD Technical Analysis – Rejected at Channel Barrier

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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