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09:10 (CET) - EurUsd: resistance at 1.4844
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The euro rebounded at the fibo 61.8% of the month, until it got to the significant resistance at 1.4844 dollars per euro. It tried to break it twice with no success and today it will try again, so it can get closer to 1.5 dollars per euro. If the market wants to go to sleep at 1.5, it will need great strength, as there are many resistances in the way, the most important at 1.4969. On the lower side, the dollar traders could see this movement as a correction of the downwards push of the week. Thus, they'll have to maintain 1.4844 intact and gather strength stay under 1.48. Today's target is breaking 1.47, the fibo 61.8% and leave the pair very near the upwards trend for next week.
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