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EUR/USD in retracement today
EUR/USD touched its highest level since early October on Friday, so it is no surprise to see a retracement develop today, with an almost empty economic calendar adding to the drift.
Dip buyers came in around $1.10 on Thursday, so any pullback that stays above this level will be defined as a higher low. A move above Friday’s high of $1.1212 will still target $1.13 and then $1.1366.
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