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EUR/USD in rebound mode after key breakdown
EUR/USD has managed to bring itself into a more positive short-term setting. The break below $1.1574 points towards a wider breakdown coming into play soon enough.
However, with the price pushing above $1.1610 over the near term, there is now a good chance we are going to post a retracement before we turn lower once again. Look towards the 61.8% retracement as a potential target for this current period of upside.