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Euro falls to session low, puts support at 1.1300 back in play


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The follow up on the rejection of 1.1300 isn’t encouraged

The big picture is that 1.1300 is a key area of support, even moreso after what looked like a huge rejection yesterday. But today’s dip back down to 1.1379 ready cuts through the 50% retracement. The 61.8% level is 1.1361 and if that gives way, I think it will head right back to the floor.

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