Forex: EUR/USD Technical Analysis – Double Top Looks Set
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EUR/USD Technical Analysis
- Prices declined as expected after putting in a bearish Dark Cloud Cover candlestick pattern
- Break of support at 1.3286 (23.6% Fib) exposes the next downside barrier at 1.3185 (38.2% Fib)
- A turn back above 1.3286 targets falling channel support-turned-resistance, now at 1.3347
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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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