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Old 31st August 2013
candle7779 candle7779 is offline
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EURUSD analysis
· Continues to carve near-term top; looking for close below 1.3340 (61.8% Fib retracement)
· Bearish divergence in the Relative Strength Index highlights further weakness
· Soft resistance/pivot: 1.3450; string of Fib retracements at 1.3500-10
· Interim support: 1.3320 (50.0% retracement) to 1.3240 (78.6% expansion)
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