Filed Under:
To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points

  • Prices moved lower as expected after showing a Bearish Engulfing candlestick pattern
  • Near-term support is at 1.3518, the 23.6% Fibonacci retracement
  • Break lower exposes 1.3438 (38.2% Fib); initial resistance at 1.3645 (Oct 3 high)
Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_eur-usd_body_eurusd.png, Forex: EUR/USD Technical Analysis – Holding Above 1.35 FigureDaily 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? Watch this Video

For live market updates, visit the Real Time News Feed

original source
comments powered by Disqus
Trading Center