After reaching a high of 1.3797, the EURUSD pair fell to a low of 1.3641. This mark happens to fall in line with the 61.8% Fibonacci retracement level that I drew. When the pair fell down to that level, conditions were also oversold already as indicated by the stochastics. While I don't usually buy or sell at any random number, I could have bought the pair at 1.3650.No economic updates were released at the time the pair rallied. Perhaps the move upward was just a technical rebound.
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