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Forex Analysis: EUR/USD Classic Technical Report 01.30.2013

Ilya Spivak

Prices are testing above resistance at 1.3492, the 76.4% Fibonacci expansion. A confirmed break higher on a daily closing basis exposes the 100% level at 1.3644. Near-term support is at 1.3397, the 61.8% Fib.

Forex_Analysis_EURUSD_Classic_Technical_Report_01.30.2013_body_Picture_1.png, Forex Analysis: EUR/USD Classic Technical Report 01.30.2013
Forex_Analysis_EURUSD_Classic_Technical_Report_01.30.2013_body_Picture_1.png, Forex Analysis: EUR/USD Classic Technical Report 01.30.2013

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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