News
08-30-2013, 06:22 PM
By Ilya Spivak
Prices declined as expected after putting in a bearish Dark Cloud Cover candlestick pattern
Break of support at 1.3286 (23.6% Fib) exposes the next downside barrier at 1.3185 (38.2% Fib)
A turn back above 1.3286 targets falling channel support-turned-resistance, now at 1.3347
http://media.dailyfx.com/illustrations/2013/08/30/dailyclassics_eur-usd_body_Picture_2.png
By DailyFX on Aug 30, 2013 02:31:00 GMT
Prices declined as expected after putting in a bearish Dark Cloud Cover candlestick pattern
Break of support at 1.3286 (23.6% Fib) exposes the next downside barrier at 1.3185 (38.2% Fib)
A turn back above 1.3286 targets falling channel support-turned-resistance, now at 1.3347
http://media.dailyfx.com/illustrations/2013/08/30/dailyclassics_eur-usd_body_Picture_2.png
By DailyFX on Aug 30, 2013 02:31:00 GMT