Forex: EUR/USD Technical Analysis – Euro Aiming Above 1.37
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- Prices moved lower as expected after showing a Bearish Engulfing candle pattern
- Reversing above 1.3624-45 (23.6% Fib, Oct 3 high) has exposed 1.3771 (trend line)
- Back below 1.3624 targets 1.3585 (trend line from Sep); we remain short
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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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