Back to back daily bullish closes but failure to clear the 100DMA

Corrective action could be the Friday theme

The average capping the EUR's advance at 0.8669 Thurs-Frid

Can often see profit taking at and around a 76.4% Fibo level

A 76.4% retrace of the 0.8701-0.8545 came in at 0.8664

Pullback to 0.8647 so far Friday

Pivot point support at 0.8636 and then the 10DMA at 0.8625

Downside risk but we will wait to see the weekly close before trading

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