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EUR/USD retraces towards crucial support level
EUR/USD has sold off sharply overnight, with the price moving towards the crucial $1.2195 support level.
An hourly close below that support level would provide a bearish shift for the pair, looking likely to begin retracing the wider $1.1915-$1.2323 move. Until the price falls below $1.2195, then the bullish short-term trend remains in play.