EURUSD fell on yesterday session after breaking below the 50-day moving average and went straight to a Fibonacci retracement (61.8) at 1.0853 and closed near the low of the day. The currency changed phase from recovery to bearish and we might see some consolidation at these levels, although a break below the 1.0853 could trigger another push downward, this time to a daily support at 1.0622.
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