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Forex News EUR/USD: Enough For Now But Risk Of Testing 1.20 Persists; Where To Target? - NAB

P

Peter

Active Member
NAB FX Strategy Research notes that the move up in EUR/USD from the low 1.16s to above 1.18 in the past fortnight (high of 1.1910 on August 2nd) has taken it though the 38.2% retracement level of the entire May 2014-january 2017 downtrend from 1.40 to 1.0340.

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