EUR/USD Technical Analysis – Prices are pulling back from resistance at a falling trend line set from February, with a break below initial upward-sloping support (1.3262) exposing the 23.6% Fibonacci expansion at 1.3188. Alternatively, a reversal above resistance (now at 1.3325) exposes the June 18 high a 1.3416.
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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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