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EUR/USD Mid-Day Outlook


Every day Pivots: (S1) 0.9669; (P) 0.9702; (R1) 0.9735; Extra… Intraday bias in EUR/USD stays on the draw back for retesting 0.9534 low. Agency break there’ll resume bigger down development for 100% projection of 1.0368 to 0.9534 from 0.9998 at 0.9163. On the upside, above 0.9773 minor resistance will flip intraday bias impartial first. Within the greater image, down development from 1.6039 (2008 excessive) remains 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 0.9998 resistance is required to be the primary signal of medium time period bottoming. In any other case, outlook will keep bearish even with robust rebound.

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