EURUSD: Close Above Broken Fibo Will Confirm Uptrend

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A EUR/USD end-of-week close above a broken Fibonacci level would indeed be a bullish signal for the currency pair.

A close above a previously broken Fibonacci level indicates that buyers have overcome selling pressure at that key technical point. This demonstrates strength in the upward movement and could attract more buyers to the market.

1.0523-1.0533: This zone represents the 76.4% to 78.6% Fibonacci retracement of the December-January sell-off. A close above this area would be particularly significant

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