| Daily Forex Analysis: EURUSD Just Below 38% Retracement Line |
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In today's forex blog, I want to talk about the EURUSD. Forex trading has taken the pair to new yearly highs in the Asian and I would like to see a stronger test of the 38.2% line before taking up longs to see 1.4682 fall. If you are looking for sustained moves to last for several days you may be out of luck. With strong pulls in both directions, news may be the deciding factor this week. Not much is expected until Wednesday though.
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EZ