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EUR/USD falling after brief rally
EUR/USD rallied through trendline resistance yesterday, pushing into the $1.1061 level and subsequently turning lower. There is a possibility that we are seeing a precursor to a more protracted bounce, with the creation of a new higher low followed by an hourly close above $1.1061 providing a bullish short-term view.
Until then, it seems likely we will see further downside, with an hourly close below $1.0985 providing a strong bearish signal that the trend is set to continue.