Forex: EUR/USD Technical Analysis – Ready to Turn Lower?
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- A Spinning Top candle at in the 1.3499-1.3529 area (38.2% Fib, channel bottom) hints at weakness
- Below support is at 1.3421 (23.6% Fib) eyes 1.3294 (Nov 7 low); we’ve holding short
- Breaking above resistance exposes 1.3563 (50% Fib retracement)
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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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