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EUR/USD retraces up to key resistance
EUR/USD has been selling off sharply throughout the week, with price crucially falling and closing below the critical $1.0462 level. This not only represented the low of March 2015, but also underpinned almost two years of consolidation.
With price moving back into this critical level, there is a chance we could see another strong move lower for the pair. An hourly close back above $1.0525 would negate this bearish view.