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EUR/USD Tests 1.2514 Low From Yesterday

posted by Avatar ejc 364 days ago in EUR, Technical, Daily made popular 364 days ago

The 1.2500 barrier option was broken and the subsequent corrective move higher took the price above the 38.2% -50% of the trend move down (see chart above). That move above the 50% took some steam out the trend move and although the price has since rotated back down, the 1.2514 area (low from yesterday) may give cause for pause....more.
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