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Forex: EUR/USD Technical Analysis – Bounce Stalls Sub-1.37 Mark

Forex: EUR/USD Technical Analysis – Bounce Stalls Sub-1.37 Mark

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices moved lower as expected and we are holding a short position
  • A break above 1.3679 (38.2% Fib ret.) targets 1.3720 (50% Fib ret.)
  • Reversing below 1.3628 (23.6% Fib ret.) aims for 1.3589 (trend line)

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

dailyclassics_eur-usd_body_Picture_12.png, Forex: EUR/USD Technical Analysis – Bounce Stalls Sub-1.37 Mark

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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