Forex: EUR/USD Technical Analysis – Lifeline Found Sub-1.36
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- Prices moved lower as expected after showing a Bearish Engulfing candle pattern
- A break below 1.3594 (50% Fib) exposes 1.3523 (61.8% Fib); we’re holding short
- Reversing above 1.3664 (38.2% Fib ret.) targets 1.3751 (23.6% Fib ret.)
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--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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