EURUSD: So Mr. Market did actually follow the textbook and pushed prices sharply lower, printing a fresh 12 year low. As often after benchmark candles such as yesterday’s the market traces out a fresh low during the first half of the day only to thereafter correct higher into the range of the benchmark candle, so kind of a kneejerk reaction sought for today. Looking forward 1.1210 will be the next point of attraction as representing the 61.8% correction point of the entire bottom to top, 0.8224 – 1.6040, move.
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