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EUR/USD sticks to the range
Yesterday’s losses saw the EUR/USD price head towards the bottom end of the range that has prevailed since 25 January.
Dips down to $1.2323 tend to find buyers, while surges to $1.25 have twice now met with selling. The first target on the upside is $1.2735, while below $1.2323, the $1.2165 level comes into play. Range traders will note that the price remains oversold on the four-hour chart, so a bounceback is a distinct possibility.
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