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  1. EUR/USD Technical Analysis: Euro Erases Half of Post-NFP Rally - ranging bullish near bearish reversal

    by , 06-13-2016 at 12:17 PM
    • EUR/USD Technical Strategy: Flat
    • Euro finds resistance above 1.14

    The Euro reversed sharply lower against the US Dollar, producing the largest two-day losing streak in nearly four monthsafter finding resistance above the 1.14 figure. Prices have now erased over half of the advance triggered by May’s soft US jobs data.

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    From here, a daily close below support at 1.1217, the 38.2% Fibonacci expansion, opens the door for a test ...