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EUR/USD Technical Analysis - Nov. 8, 2012

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EUR/USD Technical Analysis - Nov. 8, 2012

A
AvaTrade

10 Views • Nov 08, 2012

Description

EUR/USD: the market has taken out the 23.6% retracement level and support at 1.2826. This comes after a bearish three inside down candlestick. This formed below the falling trend line.

We can now test 1.2619, at the 38.2% retracement. Alternatively, we see resistance now at 1.2826. A move higher can test the trend line now at 1.2913.