EURUSD retracement

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EURUSD continues to move sideways above 1,1300, lacking the strength for a new upward push.

This suggests we could see the correction extend towards the next support levels.

These levels are identified using Fibonacci retracement and previous highs, and are at 1,1253, 1,1183, and 1,1055.

Watch for a continuation of the correction and market reaction.

Important USD news is expected this week on Wednesday and Friday at 3:30 pm!

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