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A Bear Market Rally for the Euro

The Euro has broken out of a trading range, but is losing momentum at 1.0720. The overall bias is still bearish, but we will need to watch the price action carefully to find the best entry point. A retracement to 1.0624 may give us a clue as to the direction for the week. If the pair can hold above that level it would be bullish for the Euro, whereas a break below 1.0624 will be USD bullish. Read More on eurusd.co

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