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EUR/USD attempts to regain ground
EUR/USD has rallied overnight, bouncing higher from the crucial $1.0796-$1.0808 support zone. The ability to remain above $1.0796 is going to be crucial for this pair, for a loss of that level would likely give way to significant losses.
In the short-term, the pair is selling off once more, where the $1.0828 support level will be key. A closed hourly candle below $1.0828 could bring a swift move back towards the $1.0796 area.
The ability to remain above $1.0828 would bring expectations of another move higher, with resistance at $1.0870 and $1.0897. Conversely, a move below $1.0828 would look towards $1.0808 and $1.0796 as the next support.