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EURUSD Intraday Analysis

EURUSD (1.1694): The EURUSD currency pair rebounded on Monday erasing the losses from last Friday. The bounce comes following the decline to the support area of 1.1656 – 1.1626 level. Price action is now on track to test the next main resistance area at 1.1725. If this resistance level is cleared, we expect to see price action moving toward 1.1830 level as the minimum upside target.

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