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EUR/USD could reverse higher after deep retracement
EUR/USD managed to stage a significant bounce-back yesterday, following on from a period of downside for the pair. Until we break below $1.2205, there is a chance we could move back onto the wider bullish trend.
The overnight sell-off has brought it back into the 76.4% retracement, with the price currently turning higher. A push through $1.2352 would bring greater confidence in a bullish shift for the pair.