Following an upward cycle of exactly two margin moves and a test of the target zone, the EUR/USD pair is currently attempting a correction. At the moment, we are seeing a break below the 1/4 margin level, which puts our potential targets at the following levels:
1.1640
1.1619-1.1627 - the 1/2 margin zone levels from the high.
I do not expect any significant moves today; the market requires new economic data or further developments regarding US long-term Treasury yields.
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