Chart of The Day $EURUSD 2-17-2017

On the EURUSD daily chart, we can see that the pair touched has retraced 50% Fibonacci retracement of the latest swing down 1.06740 level. This is a strong downside support and a rejection form this level could lead to a retest of the recent 1.05200 low. Invalidation of this downside reversal will be onlz on a daily close above 1.0760.

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