EUR/USD Technical Analysis: Rally Stalls Below 1.33

| 31 juli, 2013 | 0 kommentarer

EUR/USD Technical AnalysisPrices took out resistance at 1.3260 marked by the 76.4% Fibonacci retracement. The bulls now aim to challenge a falling trend line set from February at 1.3330, followed by the June 18 swing high at 1.3416. The 1.3259 mark has been recast as near-term support, with a reversal beneath that initially targeting the 61.8% Fib at 1.3162.

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dailyclassics_eur-usd_body_Picture_2.png, EUR/USD Technical Analysis: Rally Stalls Below 1.33

Daily Chart – Created Using FXCM Marketscope 2.0

Written by Ilya Spivak, Currency Strategist for Dailyfx.com

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