Forex: EUR/USD Technical Analysis – Resistance Sub-1.33 in Focus

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Talking Points

  • Prices bounced higher after putting in a bullishPiercing Line candlestick pattern
  • Break of resistance at 1.3268 (23.6% Fib expansion) exposes 1.3370 (38.2% Fib) next
  • Near-term support is at 1.3104, the September 6 swing low

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dailyclassics_eur-usd_body_Picture_2.png, Forex: EUR/USD Technical Analysis – Resistance Sub-1.33 in Focus

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

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