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EUR/USD turning lower after 61.8% retracement
EUR/USD continues to look bearish, with the pair turning lower from a retracement into the 200-simple moving average (SMA) and 61.8% Fibonacci level.
The break below $1.1613 earlier in the week points towards a likely further deterioration in the pair, with a fall back towards the $1.1575 low seeming likely. This bearish view remains unless the price breaks above $1.1744.