Tuesday, November 26, 2013

Forex: EUR/USD Technical Analysis ? Key Support at 1.35 Mark




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Talking Points



  • Prices are testing resistance in the 1.3563-83 area (50% Fib ret., channel bottom)


  • A push upward initially exposes 1.3626 (61.8% Fib retracement)


  • Below 1.3499 (38.2% Fib) exposes 1.3421 (23.6% Fib ret.); we continue to hold short


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


dailyclassics_eur-usd_body_Picture_12.png, Forex: EUR/USD Technical Analysis – Key Support at 1.35 Mark


Daily Chart – Created Using FXCM Marketscope 2.0



— Written by Ilya Spivak, Currency Strategist for DailyFX.com



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Forex: EUR/USD Technical Analysis ? Key Support at 1.35 Mark

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