EUR/USD: We are stubbornly clinging to the idea of the advance beingcorrectional. We have to admit it has gone farther thanthought, but it looks correctional nevertheless. Analternative Fibo extension ref (127.2%) at 1.3765 is underinvestigation. If broken it would be fair to look for 1.3810before down. Below 1.3695 and more importantly 1.3625 ishowever needed to show signs of sellers’ initiative again(more so if later also breaking below 1.3525).
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