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Euro bearish reversal from 1.2480$

EUR/USD gave back all the gains it made this week and reversed sharply falling to 1.2390$ at the time of writing

The pair will find resistance by the bearish trendline and would be a good chance to short the pair again at 1.2410$ targeting 61% fibonnaci retracement (move from 1.2160$ to 1.2520$) where it will be around 1.2305$ .

A break below 1.2305$ will expose 1.2260$ support area where the pair might rebound from to retest the area at 1.2360$ .

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