Bearish outlook on EURUSD: 10th January

On the H4 timeframe, prices are ranging between 1.0750 and 1.0720, above the resistance-turned-support zone of 1.0620, in line with the 50% Fibonacci retracement. A break below the downside confirmation level could provide the bearish acceleration for a further throwback to the support zone at 1.0620.
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