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EURUSD Intraday Analysis

EURUSD (1.1634): EURUSD closed on a bearish note on Friday practically giving up the gains notched from Thursday. By Friday’s close price action was seen closing slightly below the rising trend line. A continued decline could see price action eventually falling back to the support level of 1.1540. A breakout from the increasing trend line could potentially suggest further declines if the common currency fails the support at 1.1540.

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