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EUR/USD not quite down and out
EUR/USD managed to break through to a marginal new intraday high on Monday night, which provides us with a sign that we could see this pair rise once more.
The key here is whether we remain above $1.0510, where an hourly close below that level would provide a more bearish outlook. However, for now there is a good chance of a move higher following a fall into the 76.4% retracement at $1.0538.