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EURUSD Moves Sideways After Upward Surge

The EURUSD consolidated today as the market continues to move sideways following the recent surge higher. Overall, momentum and near-term trend are up, but we could see a rotation back to support before the market continues pushing higher. If that happens, we will watch for bullish price action signals from support to rejoin the upward momentum in this market. Key support is coming in down near 1.3240 - 1.3175 area and will watch for price action buy signals forming there if the market does rotate lower soon.