Forex: EUR/USD Technical Analysis – Rebound in the Works?
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- A Bullish Engulfing candle setup at 1.3468 (channel bottom, 50% Fib) hints at gains ahead
- Resistance is at 1.3553 (38.2% Fib); breaking above that targets 1.3660 (23.6% Fib)
- Breaking below support initially exposes 1.3382 (61.8% 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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