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EUR/USD with a buying opportunity?
A steep overnight pullback in EUR/USD could provide another buying opportunity, with the price heading towards the 50-hour simple moving average (SMA) at $1.1516, and towards the $1.1514 support zone that held during the early part of Tuesday’s session.
A bounce from here might then target the highs of Tuesday at $1.1583. We would need to see a push below $1.1442 on the daily chart to become particularly bearish here.
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