EUR/USD: Sellers responded to the move above an alternative 127.2%Fibo and negotiated the close just below it. A move under anear-term 1.3745 pivot would show near-term initiative andtarget 1.3695. 1.3625 is more important and also has to bebroken to draw any bigger conclusions from the decline – ifit materializes. The key ref above to keep in sight remainslocated at 1.3833.
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