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EUR/USD Technical Analysis – Double Top Above 1.38?

EUR/USD Technical Analysis – Double Top Above 1.38?

2013-12-12 10:30:00
Ilya Spivak, Sr. Currency Strategist
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Talking Points

  • Prices are testing resistance in the 1.3801-33 area (October closing high, 50% Fib exp.)
  • A break higher targets 1.3960 (61.8% Fib exp.)
  • Below support at 1.3706 (38.2% Fib exp.) targets 1.3641 (rising trend line support)

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

dailyclassics_eur-usd_body_Picture_12.png, EUR/USD Technical Analysis – Double Top Above 1.38?

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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