FX.co ★ EUR/USD Intraday Technical Analysis and Trading Recommendations for September 17, 2012

The EUR/USD pair resumed its bullish movement last week recording a high at 1.3167.

As it is seen on the chart above, the view remains bullish in near-term as long as the pair is trading above 78.6% Fibonacci level around 1.3015.

Intraday support is seen around 1.3090. However, breakdown below that area could lead price to neutral zone in nearest term testing 1.3050 – 1.2970 while a longer-term support is seen around price level 1.2810 (61.8% Fibonacci Level).