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EUR/USD retracement continues apace
EUR/USD has been in retracement mode since topping off at $1.1880 last week. This current sell-off looks like a short-term phenomenon before we move higher once more. As such, keep an eye out for potential Fibonacci support.
The breakout from the current creation of lower highs and lower lows will provide a bullish signal. Until then, further downside looks likely.