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EURUSD Intraday Analysis

EURUSD (1.1626): The euro currency closed with a doji on Thursday. Price action has become somewhat flat above the 1.1540 level of support. To the upside, the consolidation is seen just near the resistance area of 1.1656 – 1.1626 region. A breakout above this level is required in order for price action to test the next main resistance at 1.1730. To the downside, we expect the EURUSD to potentially retest the lower support at 1.1540.

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