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EUR/USD expected to turn higher once again
EUR/USD looks likely to follow its 76.4% retracement with another push higher, as the pair moves towards the back end of a triangle formation.
The weakness we have seen in early trade looks like the pair is creating a higher low before we push higher once more. Given the uptrend in place over recent months, the ultimate breakout from this pattern is expected to be bullish, with a fall below $1.2385 required to negate this view.
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