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Windsor Brokers - Short Term Technical Analysis for Majors (07:45 GMT)
EURUSD
The Euro consolidates above the fresh low at 1.3704, posted last Friday, where the fall met its Fibonacci 76.4% expansion of the third wave off 1.3874, 24 Mar lower top. The second consecutive weekly close in red signals further downside, however, formation of Morning Star pattern on the daily chart suggests correction. Today
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