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EURUSD Pullback Appears To Be A Correction

  • EURUSD has tested support at the 50-day EMA.
  • This represents a key short-term support and the recent move down is considered corrective.
  • Tuesday’s activity highlights a doji candle pattern - a potential bullish reversal signal.
  • A recovery would refocus attention on 1.1033, the Feb 2 high.
  • A clear break of the 50-day EMA would instead strengthen the recent bearish cycle.

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