EUR/USD Technical Analysis– Prices are bouncing from support at 1.2845, the 38.2% Fibonacci expansion. 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.Alternatively, a break beneath support targets the 50% level at 1.2756

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

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