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EURUSD Intraday Analysis

EURUSD (1.15636): The EURUSD currency pair continued to trade subdued on Wednesday. Following the outside bar the day before, price action was seen staying within the established range from the previous day. On the 4-hour chart, price action is seen hovering the near the downside breakout from the bearish flag pattern. Still, a break down below the previous lows of 1.1559 is essential to confirm the downside towards the target of 1.1394.

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