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EURUSD Rejects Intra-day Push Higher

The EURUSD tried to move higher today but hit a wall of selling pressure up around the 21 day EMA dynamic resistance level and then sold-off into the New York close. The downtrend is still clearly intact in this market and traders can look for price action signals to sell and trade in-line with the downtrend if the market retraces back up to near-term resistance soon.