EURUSD 4 HOUR CHART – Is the high in or just a retracement?
EUR has been a weak link as can be seen on its crosses, especially EURGBP.
The failure to retest 1.12 puts the downside at risk but only if it stays below 1.1150. A break of 1.1098 would negate this latest leg up.
Retracement levels–
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Using 1.1098-1.1201, 61.8% = 1.1137 (vs 1.1135 low)
1.1120 = 76.8%