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Forex: EUR/USD Technical Analysis – Key Support at 1.35 Mark

Forex: EUR/USD Technical Analysis – Key Support at 1.35 Mark

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices are testing resistance in the 1.3563-83 area (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

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_eur-usd_body_Picture_12.png, Forex: EUR/USD Technical Analysis – Key Support at 1.35 Mark

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

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