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Forex: EUR/USD Technical Analysis – Support Sub-1.35 in Focus

Forex: EUR/USD Technical Analysis – Support Sub-1.35 in Focus

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices turned lower as expected after showing a Harami candle pattern
  • Near-term support is at 1.3415 (38.2% Fib); below that targets 1.3415 (38.2% Fib)
  • Resistance is at the confluence of two channel barriers, now in the 1.3628-46 area

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

dailyclassics_eur-usd_body_Picture_12.png, Forex: EUR/USD Technical Analysis – Support Sub-1.35 in Focus

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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