Forex: EUR/USD Technical Analysis – Five-Month Support at Risk
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices fell as expectedafter showing a Shooting Star candle and we’restill short
- Closing below 1.3545 (50% Fib exp., trend line) targets 1.3500 (61.8% Fib exp.)
- Reversing above 1.3591 (38.2% Fib exp.) initially exposes 1.3647 (23.6% Fib exp.)
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? START HERE!
For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.