EUR/USD Technical Analysis– Prices found support at the 1.30 figure, a psychological barrier reinforced by the 61.8% Fibonacci retracement. A recovery from here that clears initial resistance at the 50% level (1.3080) exposes the 38.2% Fib at 1.3159. Alternatively, a push beneath support aims for the 76.4% retracement at 1.2902.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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