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EUR/USD bounce fizzles out
The bounce off the EUR/USD lows of last week may well have run its course, as the price rebounds from below $1.16 but runs into previous support (now resistance) at $1.1662.
A failure to retake this key level will signal more weakness ahead, potentially down to $1.1498. A broader recovery would only result from a move back above $1.1750.
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