EUR/USD Technical Analysis– Prices are testing below support at 1.3061, the 61.8% Fibonacci retracement. A break lower aims for the 76.4% level at 1.2907. Near-term resistance is at 1.3185, marked by the intersection of the 50% Fib and a downward-sloping trend line set from the February 1 high.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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