EUR/USD Technical Analysis– Prices are pulling back from resistance at 1.3085, the 50% Fibonacci retracement. Near-term support is at 1.3007, the 38.2% level, with a break below that targeting the 23.6% Fib at 1.2910. Alternatively, a reversal above resistance aims for the 61.8% retracement at 1.3163.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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