Thursday, January 30, 2014

Forex: EUR/USD Technical Analysis ? 1.37 Figure Capping Upside




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Talking Points



  • Prices fell as expected and we’re short; a Shooting Star hints at bearish resumption


  • Closing below 1.3654 (38.2% Fib ret.) targets 1.3598 (23.6% Fib ret.)


  • Reversing above 1.3700 (50% Fib ret.) initially exposes 1.3745 (61.8% Fib ret.)


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


dailyclassics_eur-usd_body_Picture_12.png, Forex: EUR/USD Technical Analysis – 1.37 Figure Capping Upside


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 ? 1.37 Figure Capping Upside

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