Forex: EUR/USD Technical Analysis – Support Met Above 1.36
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- Prices fell as expected after forming a Bearish Engulfing candle pattern; we remain short
- Breaking below 1.3688 (23.6% Fib ret., trend line) has exposed 1.3613 (38.2% Fib)
- Turning back above 1.3688 targets 1.3724 (trend line support-turned-resistance)
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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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