Forex: EUR/USD Technical Analysis – Channel Holds Back Rebound
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- Prices are testing resistance at 1.3563 (50% Fib ret., channel bottom)
- A push upward initially exposes 1.3626 (61.8% Fib retracement)
- Below 1.3499 (38.2% Fib) exposes 1.3421 (23.6% Fib ret.); we continue to hold short
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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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