The Euro has paused to digest losses after touching the lowest level in a month against the US Dollar but overall positioning hints further weakness is ahead. The single currency appeared to mark a top below the 1.26 figure last week having broken the series of higher highs and lows set from early January. From here, a daily close below the 38.2% Fibonacci retracement at 1.2162 opens the door for a challenge of the 1.2046-70 area (50% level, ...
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