EUR/USD Technical Analysis– Prices broke support at the 1.30 figure, a psychological barrier reinforced by the 61.8% Fibonacci retracement. Sellers now aim to challenge the 76.4% retracement at 1.2902, with a further push beneath that eyeing a rising trend line set from mid-November at 1.2831.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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