Forex: EUR/USD Technical Analysis – Topping Pattern Threatened
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- Prices moved to test 1.3821 (38.2% Fib exp.); breaking higher eyes 1.3882 (50% Fib)
- Below support at 1.3746 (23.6% Fib) targets 1.3704 (rising trend line)
- We are holding short absent a close above 1.3810 (Bearish Engulfing pattern high)
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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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