Forex: EUR/USD Technical Analysis – Trying to Expose 1.38 Again
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- Prices are testing resistance in the 1.3705-27 area (76.4% Fib ret, rising channel top)
- A break higher targets 1.3831, the October 25 swing high
- Supports are at 1.3626 (61.8% Fib), 1.3592 (channel bottom)
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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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