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EUR/USD looking to turn higher
EUR/USD has spent this week consolidating around the 61.8% retracement ($1.0651), following a late March retracement. The presumption is that we will see the pair turn higher soon enough, but we have been attempting to predict whether that was going to happen at the 61.8% or 76.4% pullback.
Given the price action we are seeing, it looks like we may be seeing a bottom forming here, with a break through $1.0702 required to provide a bullish signal.
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