Forex: EUR/USD Technical Analysis – Probing Above 1.37 Again
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- Prices fell as expected having shown a Bearish Engulfing candle pattern; we are short
- Above resistance in the 1.3746-62 (23.6% Fib, trend line) exposes 1.3821 (38.2% Fib)
- Below support at 1.3668 (trend line) targets 1.3624 (Dec 20 swing low)
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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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