Forex Strategy: EUR/USD Tests Long-Term Trend Top
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- EUR/USD Technical Strategy: Pending Short
- Prices are testing resistance in the 1.3775-1.3825 area (61.8% Fib, Channel top from April ’08)
- A break higher initially targets 1.4019 (76.4% Fib); initial support is at 1.3578 (50% Fib)
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Weekly Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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