EUR/USD Technical Analysis– Prices are testing support at 1.2845, the 38.2% Fibonacci expansion. A break beneath that targets the 50% level at 1.2756. Near-term resistance is at 1.2956, the 23.6% Fib, with a push above that aiming for a falling trend line now at 1.3089.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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