EUR/USD: The pair initially fell down to a 1.3643 low to completed anhourly five wave pattern down from the recent high point.The following bounce, leaving us with a second consecutivespike in the 55d ma band/below the 1.3684 support, showsthat the buying the dip behavior remains firmly rooted. Asthe first reaction after a turnaround (which we actuallycannot confirm at this stage) often tends to go deep into thepreceding move the current bounce will probably be aimingat the 1.3745 (78.6%) area.
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