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Forex: EUR/USD Technical Analysis – Attempting to Expose 1.35

Forex: EUR/USD Technical Analysis – Attempting to Expose 1.35

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices moved lower as expected and we are holding a short position
  • Breaking below 1.3526 (50% Fib exp.) exposes 1.3485 (61.8% Fib exp.)
  • Above 1.3566 (38.2% Fib exp.) aims for 1.3617 (23.6% Fib exp.)

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

dailyclassics_eur-usd_body_Picture_2.png, Forex: EUR/USD Technical Analysis – Attempting to Expose 1.35

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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