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EUR/USD continues to retrace following breakdown
EUR/USD is continuing its ascent following Friday’s sharp sell-off. That move on Friday seemed to pave the way for a period of weakness for the pair and as such this current rally looks like a retracement before we sell off once more.
So far we have seen a break back into the 50% retracement, but any further upside would look like a good selling opportunity as long as the price does not break above $1.1910.