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EUR/USD Each day Outlook


Each day Pivots: (S1) 0.9538; (P) 0.9624; (R1) 0.9694; Extra… EUR/USD’s decline continues to be in progress and intraday bias stays on the draw back for the second. Present down pattern ought to goal 161.8% projection of 1.0368 to 0.9863 from 1.0197 at 0.9380 subsequent. On the upside, above 0.9772 minor resistance will flip intraday bias impartial and produce consolidations first, earlier than staging one other decline. Within the greater image, down pattern from 1.6039 (2008 excessive) continues to be in progress. Subsequent goal is 100% projection of 1.3993 to 1.0339 from 1.2348 at 0.8694. In any case, break of 1.0197 resistance is required to be the primary signal of medium time period bottoming. In any other case, outlook will keep bearish even with sturdy rebound.

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