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Talking Points
- EUR/USD Technical Strategy: Pending Short
- Prices are testing resistance in the 1.3775-1.3825 area (61.8% Fib, Channel top from April ’08)
- A break higher initially targets 1.4019 (76.4% Fib); initial support is at 1.3578 (50% Fib)
Confirm your chart-based trade setups with the Technical Analyzer.
Weekly Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for DailyFX.com
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