Filed Under:
Forex pairs in this Article » EUR/USD, EUR/USD
EUR/USD Technical Analysis- Prices put in a Bearish Engulfing candlestick pattern below resistance at 1.3643, the 100% Fibonacci expansion, and descended to support at the 76.4% level (1.3491). A break below that targets the 61.8% expansion at 1.3398. Alternatively, a reversal above resistance aims for the 123.6% Fib at 1.3798.

Forex_EURUSD_Technical_Analysis_02.06.2013_body_Picture_1.png, EUR/USD Technical Analysis 02.06.2013 Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

comments powered by Disqus