Forex: EUR/USD Technical Analysis – Topping Needs Confirmation
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- A Bearish Engulfing candlestick pattern warns of weakness ahead
- Near-term support is at 1.3518, the 23.6% Fibonacci retracement
- Break lower exposes 1.3438 (38.2% Fib); initial resistance at 1.3645(Oct 3 high)
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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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