The EURUSD could not stay below the 1.0711 level (swing high from August 2015) nor below the broken trend line on the daily chart at 1.07155.
The sellers gave up and we are seeing a retracement higher.
Drilling to the 5 minute chart, the pair is testing the 50% of the day's trading range at 1.1739. A trend line cuts across at the level too. Another key area for sellers/buyers.
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