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Windsor Brokers - Short Term Technical Analysis for Majors (07:45 GMT)
EURUSD
The Euro bounced off 1.2600 zone, low of the last week, where pullback from 1.2790 peak found temporary support. Rally reached 1.27 resistance area and 50% retracement of 1.2790/1.2603 downleg so far, with sustained break here and 1.2720/30, Fibonacci 61.8% / daily 20SMA, required to resume recovery towards 1.2790, recovery peak of 09 Oct and 1.2800, Fibonacci 61.8% retracement of larger 1.2993/1.2499 descend. Last Friday
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Linear Mode
