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EURUSD Intraday Analysis

EURUSD (1.1472): The EURUSD currency pair turned flat on the day closing with a doji. Price action continues to consolidate around the support area of 1.1435 – 1.1460. The sideways range for the common currency could remain in place until tomorrow’s ECB meeting. The EURUSD will need to break out from the range that it has maintained for the most part this week. Given that the support level has held the declines firmly so far, price action could be seen attempting to break out to the upside.

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