VIDEO: EURUSD backs off ahead of the 38.2% retracement. Sellers lean.

The EURUSD's rally stalled ahead of the 38.2% of the recent trend move down from the June 27 high.

Why is that important?

What does that say about the buyers and their conviction?

What would add to the buyers disappointment and give sellers more confidence that the correction higher is just a plain vanilla variety?

Trading analysis offered by RobotFX and Flex EA.
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