The main trend is up according to the daily swing chart. A trade though 1.0906 will reaffirm the uptrend.
The major range is 1.1299 to 1.0339. Its retracement zone is 1.0819 to 1.0932. The Euro is currently trading inside this range zone. Trader reaction to this zone will determine the longer-term trend of the market. A sustained move over the Fibonacci level at 1.0932 will indicate the presence of strong buying. A sustained move under the 50% at 1.0819 will signal that sellers are still running the show. Happy Forex Trading
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