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EUR/USD resurgence likely to persist
EUR/USD is on the rise once again this morning, following on from a 50% retracement over Wednesday and Thursday.
There is a strong chance we will see further upside come into play given that we are moving upwards from the lower bound of the recent range, pointing towards a return to the $1.2450 region before long. Be aware that this retracement could be deeper, yet any further downside in the near term would be perceived as a buying opportunity, unless we break below $1.2214.