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EUR/USD in recovery mode after fall into key support
EUR/USD has managed to break higher following a drop into the crucial $1.1713 support level earlier in the week. The rally up though the $1.1812 swing high points towards further upside, despite the weakness we are seeing in early trade today.
With that in mind, the 76.4% level ($1.1751) would look like an attractive buying opportunity, should the price fall further. In any case, a bullish outlook is now in play, and would only be negated with a break back below $1.1713.