EURUSD: Will It Retrace to POI?

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On the daily chart, EURUSD is trading within Range Zone.

If another daily candle closes bullish above $1.086 (the Daily Range Bottom), it could push the price up to the Range Top at $1.1, which is our Daily Point of Interest (Daily POI).

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The Mid Daily Range may act as minor resistance on this move.

If EURUSD falls below the Daily Range Bottom, it enters a bearish zone, with the next target around Key Daily Level 1↓ at $1.066.

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Alternatively, a bullish breakout above the Daily Range Top could extend gains to the Minor Daily Level at $1.112.

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Though, this scenario is secondary as long as EURUSD remains within the Daily Range Zone.

Penafian

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