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EUR/USD turning lower from Fibonacci resistance
EUR/USD is starting to weaken this morning, following on from a rally into the 76.4% retracement.
The creation of lower highs and lows over the past week points towards the possibility of a bearish turn lower once more today. With that in mind, we would need to see a break back up above $1.2314 to provide a shift from this recent bearish trend.
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