Today the EUR/USD pair continues to move in a narrow range in the correction of last week's downtrend.
In the case of the recovery of the pair is likely to rise towards the level of 1,1640 and then 1,1835, which is a strong barrier to the movement of the expected bullish, as the pair will gather more momentum to continue downward trend from the level of 1,12555.
A break of 1.1510 will likely continue the downside move from the level of 1.12555 to correct 50 (1.014) Fibonacci from 1.0340 to 1.2555 and then to 61.8 at 1.1190 (look the graphic below).
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