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Black lines - Fibonacci retracement levels
EURUSD is bouncing off the 1.1590 low where we find the 50% retracement. Breaking below 1.1590 will open the way for a move lower towards the next two Fibonacci retracement levels at 1.1580 and 1.1555. Bulls need to break the triple top resistance at 1.1670 in order for bulls to move higher towards 1.1717.
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