Forex: EUR/USD Technical Analysis – Channel Bottom in Sight
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- Prices fell as expected, expanding a Harami candle pattern into an Evening Star setup
- A daily close below 1.3553 (38.2% Fib) exposes 1.3468 (50% Fib, channel bottom)
- Resistance is at 1.3660 (23.6% Fib); above that eyes 1.3831 (Oct 25 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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