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EURUSD: Waiting to Get Short

EURUSD: Waiting to Get Short

Ilya Spivak, Head Strategist, APAC

Prices are testing resistance at 1.3460, with a pullback eyeing resistance-turned-support at 1.3321. I would get short on a daily close below the latter level, but any near-term weakness seems corrective, with another leg higher to challenge 1.3660 likely before the bulls capitulate and the downtrend resumes.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.