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EUR/USD a pause is in the off for now
Bulls finally got a retracement in EUR/USD yesterday, with the small dip followed by more buying that took the pair to its highest level since 10 October.
Now some losses are being seen once again, but as long as the intraday price action does not breach the $1.1080 level that held yesterday the uptrend is intact. A bounce will need to break the overnight high at $1.1172 to maintain forward momentum, but it looks like a pause is in the offing for now.