EURUSD: With the Thu/Fri bounce occurring in a clear three wavecorrective manner a new trend low was confirmed breaking1.3160. So far the 1.3117 support has prevented the pairfrom falling further but unless recovering above 1.3159there’s still room for slightly lower levels (1.3094) before anew correction attempt likely will take place. On a longerterm horizon the deviation from 1.3209 more and morespeaks in favor of the next target being a 161.8% Fiboprojection point at 1.2905.
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