EUR/USD Technical Analysis– Prices are testing resistance at 1.3113, the 38.2% Fibonacci retracement level. A break higher targets the April 16 high at 1.3201 and the 50% level at 1.3227. Near-term support is at 1.2972, the 23.6% Fib. We continue to hold long for now.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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