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Forex: EUR/USD Technical Analysis – Familiar Trend Line in Play

By , Currency Strategist
17 January 2014 08:25 GMT

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Talking Points

  • Prices moved lower as expected and we are holding a short position
  • A break below 1.3604 (trend line) exposes 1.3566 (38.2% Fib exp.)
  • Turning above 1.3679 (38.2% Fib ret.) aims for 1.3720 (50% Fib ret.)

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_eur-usd_body_Picture_12.png, Forex: EUR/USD Technical Analysis – Familiar Trend Line in Play

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

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17 January 2014 08:25 GMT