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Forex Analysis: EUR/USD Classic Technical Report 12.31.2012

Ilya Spivak

Prices are probing below channel midline support at 1.3223 after putting in a bearish Gravestone Doji candlestick, with a break lower targeting the formation’s bottom at 1.3105. Near-term resistance is at 1.3283, the May 1 high, with a push above that exposing the March 27 top at 1.3384.

Forex_Analysis_EURUSD_Classic_Technical_Report_12.31.2012_body_Picture_1.png, Forex Analysis: EUR/USD Classic Technical Report 12.31.2012
Forex_Analysis_EURUSD_Classic_Technical_Report_12.31.2012_body_Picture_1.png, Forex Analysis: EUR/USD Classic Technical Report 12.31.2012

Daily Chart - Created Using FXCM Marketscope 2.0

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

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

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