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Eur/usd supported by 61.8% fibo

Eur/usd found some support after NFP payroll release which gave some strength to the US dollar . The support came at 1.2435$ where 61.8% fibonnaci level for the move from 1.2385$ to 1.2520$ .

The pair bounced slightly to 1.2456$ at the time of writing , most probably it is a dead cat bounce and we will continue to fall sharply towards 1.2260$ area.

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