Forex: EUR/USD Technical Analysis – Testing Trend-Setting Levels
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- Prices are testing resistance in the 1.3499-1.3529 area (38.2% Fib, channel bottom)
- Below support is at 1.3499 (38.2% Fib) eyes 1.3421 (23.6% Fib); we’re holding short
- A push above resistance initially exposes 1.3626 (61.8% 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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