Forex: EUR/USD Technical Analysis – Trend Channel Under Fire
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- Prices fell as expected, expanding a Harami candle pattern into an Evening Star setup
- Support is in the 1.3440-68 (channel bottom, 50% Fib); below that eyes 1.3382 (61.8% Fib)
- Resistance is at 1.3553 (38.2% Fib); breaking above that targets 1.3660 (23.6% Fib)
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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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