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EUR/USD selling off from Fibonacci resistance
EUR/USD is gradually moving back into the bearish mindset that dominates the medium-term outlook. This morning has seen the pair rally into both trendline and Fibonacci (76.4%) resistance, subsequently posting a doji before selling off. With that in mind, further losses seem likely, with a move back down to $1.1053 on the cards.
As such, a bearish short-term view is in play, which corresponds with the medium-term outlook. An hourly close above $1.1100 would be required to negate this bearish view.