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EUR/USD Mid-Day Outlook


Each day Pivots: (S1) 0.9671; (P) 0.9739; (R1) 0.9845; Extra… Intraday bias in EUR/USD stays impartial for the second. For now, outlook will stay bearish so long as 0.9998 resistance holds. Under 0.9630 will convey retest of 0.9534 low first. Agency break there’ll resume bigger down pattern. Within the larger image, down pattern 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 sturdy rebound.

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