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EUR/USD tumbles back into support
EUR/USD has sold off into the $1.1822 support level once again, with the dollar coming back into strength. This is certainly a crucial area of support to watch out for as a source of a possible bounce.
Below that, there is also the 76.4% retracement to watch out for. The wider perspective portrays a picture of a market which does have the potential to reverse the uptrend that has been in place since the beginning of 2017. However, until we see a break below $1.1554, there is also a chance we will see EUR/USD turn higher once more to continue that long-term trend. The reaction to the $1.1790-$1.1822 support zone will be very telling in answering the question of where we go from here.