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EUR/USD retraces into Fibonacci support
EUR/USD returned to the 76.4% Fibonacci support level yesterday, following a break below an ascending trendline earlier in the week. Given the break through $1.2070 resistance last week, the uptrend remains intact unless we fall below $1.1823.
With that in mind, there is a good chance we could see another move higher from here. A bearish view would only come from a move below $1.1823.
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