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EURUSD moves lower. Looks to test 61.8% retracement.
The EURUSD started the week moving above the daily trendline (see chart above). This however, was reversed and when the price moved back below the topside HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange ... (full story)