Forex Technical Update 25th October 2012

October 25, 2012 in Forex Analysis

EURUSD Technical Update 25th October 2012 

  • Euro/dollar is at present trading close to the weekly lows after a failure to sustain price above the 1.300 resistance level. 1.3000 is a key technical level for the EURUSD.
  •  The current level is marked by the 61.8% Fibonacci retrace of the prior swing higher.  

EURUSD Daily Chart 

EUR/USD daily chart

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