Forex Analysis: EUR/USD Classic Technical Report 12.24.2012

Prices pulled back from resistance at 1.3283 after putting in a bearish Gravestone Doji candlestick and are now finding initial channel midline support is at 1.3187. A break below that aims for 1.3073. Alternatively, a reversal above resistance aims for the March 27 high at 1.3384.

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

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