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EURUSD Intraday Analysis

EURUSD (1.1738): The EURUSD currency pair rallied to post intraday highs before easing back. The currency pair closed with a doji pattern near the support level of 1.1745. We expect the currency pair to consolidate near the area of 1.1745 – 1.1718 region. If the support area fails, we expect the declines to test the lower support at 1.1651. The overall bias remains to the upside, but this could change on a break down below 1.1651.

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