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EUR USD TECHNICAL

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EUR/USD needs a daily closing beyond 1.1670, comprising August lows, to aim for the September 22 swing bottom around 1.1685 and 50% Fibonacci retracement (Fibo.) of July-October upside near 1.1715. However, failures to do so may not necessarily recall the bears until the quote stays beyond 1.1615 support confluence including 21-DMA, as well as 23.6% Fibo.

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