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EUR/USD turning lower following surge
EUR/USD surged higher yesterday as hopes of an Emmanuel Macron victory helped boost eurozone sentiment. We are seeing a small intraday double top coming into play this morning, which points towards a retracement phase for the time being.
With that in mind, further downside does seem likely, yet this would just be seen as an opportunity to get long once more. Near-term support comes in the form of last week’s high of $1.0951. A bullish outlook remains in play unless we break below the $1.0874 mark.