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Euro set to close below key level but another level looms

Discussion in 'Technical Analysis' started by ForexLive, May 27, 2016.

  1. ForexLive

    ForexLive Forum Member

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    EUR/USD sags to the finish line Barring a last minute jump, the euro will finish the day near the lows and at the worst level since March 16. Perhaps more importantly, it will close below the 61.8% retracement of the March-April rally. That puts the entire move in jeopardy and points to a return to 1.08.

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