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EUR/USD turning lower following sharp rally
EUR/USD is beginning to drift lower, off the back of a sharp rally throughout yesterday’s session. It is difficult to know where exactly this pullback will come into, but the view is that we will push higher, through $1.1845 once more rather than break below $1.1723.
As such, a deeper retracement would be preferred as a buying opportunity, with the 61.8%-76.4% region ($1.1770-$1.1752) an ideal area for longs if we reach it.