Forex: EUR/USD Technical Analysis – Support Seen Below 1.35

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Talking Points

  • Prices recoiled from resistance at 1.3534 (61.8% Fib) after showing a Shooting Star candle
  • Near-term support is in the 1.3416-52 area (June 19 high, 50% Fib)
  • Break lower exposes 1.3370 (38.2% Fib); turn above resistance eyes 1.3636 (76.4% Fib)

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dailyclassics_eur-usd_body_Picture_2.png, Forex: EUR/USD Technical Analysis – Support Seen Below 1.35

Daily Chart - Created Using FXCM Marketscope 2.0

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

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