EUR/USD Technical Analysis– Prices are testing below support at 1.2843, the 23.6% Fibonacci expansion. A break downward confirmed on a daily closing basis exposes the 38.2% level at 1.2716. Near-term falling channel resistance is at the 1.3022.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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