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EUR/USD heading for a strong start
EUR/USD has been regaining ground this morning, following on from the European Central Bank (ECB) fueled sell-off seen on Thursday and Friday.
The key hurdle to overcome here is $1.1644, where an hourly close above that level would point towards a wider resurgence. In that event, we would be looking for a Fibonacci retracement, with the $1.1705-1.1774 region coming into play (50-76.4%).