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EUR/USD turns lower from Fib resistance
EUR/USD pushed into the key $1.1246-$1.1279 resistance zone, with the pair subsequently turning lower yesterday. This is likely to mark the top for this market, given the bullish connotations of a move through $1.1284.
As such, while we could see further short-term upside, this is expected to be fleeting, with a break back below the overnight low of $1.1193 providing confirmation of the reversal back onto the long-term downtrend.