EUR/USD Technical Analysis: Double Top Taking Shape?
EUR/USD Technical Analysis – Prices are turning lower after putting in a bearish Dark Cloud Cover candlestick pattern below resistance in the 1.3411-16 area, marked by the June 19 high and the 38.2% Fibonacci expansion. A break below trend line resistance-turned-support at 1.3302 on a daily closing basis exposes the 23.6% Fib retracement at 1.3247.
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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