Friday, January 31, 2014

Forex: EUR/USD Technical Analysis ? Five-Month Support at Risk




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Talking Points



  • 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.


dailyclassics_eur-usd_body_Picture_12.png, Forex: EUR/USD Technical Analysis – Five-Month Support at Risk


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 ? Five-Month Support at Risk

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