Chart of the Day for July 29th, 2013 – EUR/USD

Prices took out resistance at 1.3259 marked by the 76.4% Fibonacci retracement. The bulls now aim to challenge the June 18 swing high at 1.3416. The 1.3259 mark has been recast as near-term support, with a reversal beneath that initially targeting the 61.8% Fib at 1.3162.

- See more at: http://www.forexnews.com/blog/2013/07/29/chart-of-the-day-for-july-29th-2013-eurusd/#sthash.aRTE2EBA.dpuf