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Forex: EUR/USD Technical Analysis – Trying to Expose 1.38 Again

Forex: EUR/USD Technical Analysis – Trying to Expose 1.38 Again

2013-12-09 10:05:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • 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)

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

dailyclassics_eur-usd_body_Picture_12.png, Forex: EUR/USD Technical Analysis – Trying to Expose 1.38 Again

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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