Forex: EUR/USD Technical Analysis – Rebound Launched from 1.31
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- Prices bounced higher after putting in a bullishPiercing Line candlestick pattern
- Break of resistance at 1.3268 (23.6% Fib expansion) exposes 1.3370 (38.2% Fib) next
- Near-term support is at 1.3104, the September 6 swing low
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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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