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Contributors Chart Of The Day For December 16th, 2013 – EUR/USD

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  • A Bearish Engulfing candle pattern hinted at weakness ahead and we entered short
  • Support is in at 1.3688 (23.6% Fib ret.); below that targets 1.3663 (rising trend line)
  • Near-term resistance is in the 1.3800-31 area (October 25 closing and swing highs)

dailyclassics_eur-usd_body_Picture_11.png, Forex: EUR/USD Technical Analysis – Still Holding Short Position

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