Forex: EUR/USD Technical Analysis – Ready to Turn Lower?
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- A Shooting Star candle below channel resistance hints at a turn lower ahead
- Near-term support is at 1.3485 (23.6% Fib); below that aims for 1.3407 (38.2% Fib)
- Resistance is in the 1.3600-12 (channel bottom, Nov 27 high); 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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