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Forex: EUR/USD Technical Analysis – Bulls Move to Retake 1.36

Forex: EUR/USD Technical Analysis – Bulls Move to Retake 1.36

2014-01-23 12:23:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • Prices moved lower as expected and we are holding a short position
  • Closing above 1.3625 (trend line) exposes 1.3654 (38.2% Fib ret.)
  • Back below 1.3598 (23.6% Fib ret.) targets 1.3507 (Jan 20 swing low)

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

dailyclassics_eur-usd_body_Picture_2.png, Forex: EUR/USD Technical Analysis – Bulls Move to Retake 1.36

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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