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Forex: EUR/AUD stalls below 50% Fibo retrace at 1.27

Following massive sell-off in EUR/USD today down -1.1% for the day, EUR/AUD was capped at fresh 5-week highs 1.2741 by very early London trade. The cross has corrected below the 50% Fibo retrace of latest daily down leg from early Feb 2013 highs at 1.3190 to late March double lows at 1.2220, located at 1.2700 round.
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