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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

2013-12-05 03:42:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • Prices edged cautiously lower after showing a Harami candlestick pattern
  • Support is 1.3494-3508 (channel bottom, 23.6% Fib); below that eyes 1.3415 (38.2% Fib)
  • Resistance is at the confluence of two channel barriers, now in the 1.3642-64 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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