Forex: EUR/USD Technical Analysis – Double Top in Place?
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- A Bearish Engulfing candle pattern hinted at weakness ahead and we entered short
- Support is in at 1.3688 (23.6% Fib ret.); below that targets 1.3650 (rising trend line)
- Near-term resistance is in the 1.3800-31 area (October 25 closing and swing highs)
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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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