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EURUSD Intraday Analysis

EURUSD (1.1278): The euro currency reversed gains after a brief rally to the resistance level of 1.1327. However, price action failed to capitalize on the benefits and ended up breaking down lower. This leads to a divergence on the charts with the current lows reflected with a higher low in price. A bullish follow through here could see the EURUSD retesting the resistance level of 1.1327 followed by a move to 1.1435.

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