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EUR/USD pulls back after yesterday’s rally
Yesterday saw EUR/USD finally break from its consolidation, with the pair rallying through the $1.1393 resistance and to a new month-high. We have since seen the pair retrace lower this morning, with a move into Fibonacci support likely to spark another leg higher.
As such, watch out for a potential bullish reversal from the Fibonacci retracements, with a bullish view remaining in play unless we see an hourly close below $1.1338.