Forex Strategy: EUR/USD Short Position in Play
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- EUR/USD Technical Strategy: Holding short from 1.3757
- Prices put in a Bearish Engulfing candlestick pattern, hinting at a reversal lower
- The first major downside objective is at 1.3209 (23.6% Fibonacci expansion)
Confirm your chart-based trade setups with the Technical Analyzer.
Weekly Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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