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EUR/USD consolidation continues
EUR/USD is continuing to trade sideways, following a rally into the 76.4% retracement on Monday. The long standing downtrend remains intact despite the gains over the past month. Thus it is worthwhile noting that we could soon start seeing the pair turn lower.
A bullish medium term outlook would only come with a break through $1.0874. In the meanwhile, watch out for a potential break below $1.0710 for a bearish short-term signal.