EUR/USD Technical Analysis – Prices 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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Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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