Forex: EUR/USD Technical Analysis – Challenging 1.35 Figure Again
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- Prices fell as expected after putting in Bearish Engulfing candle pattern;we’ve entered short
- A break above resistance in the 1.3499-1.3521 (38.2% Fib, channel bottom) eyes 1.3563 (50% Fib)
- Support is at 1.3421 (23.6% Fib); a reversal below that eyes 1.3294 (November 7 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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