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09:20 (CET) - EurUsd: under 1.5
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The euro is correcting yesterday's movement. For that, we marked the fibo from yesterday's high and low. The price is now around the fibo 38.2%. The euro traders will try to go back again to 1.5 and they'll have to keep breaking the different fibos and significant resistances. 1.4969 will probably be the hardest. On the other hand, the dollar won't let the euro go easily to 1.5. It will try to form a resistance at some fibo or significant level and then attack 1.4844, a level where the price rebounded three times. If that level is not broken, the pair will retrace with strength, seeking annual highs during the next days.
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