Forex: EUR/USD Technical Analysis – Ready to Turn Lower?
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- A Shooting Star below rising channel resistance hints at a pullback ahead
- Breaking below 1.3706 (38.2% Fib exp.) exposes 1.3623 (channel bottom)
- Pushing through the channel top (1.3772) initially targets 1.3833 (50% Fib exp.)
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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