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EURUSD Intraday Analysis

EURUSD (1.1400): The EURUSD currency pair maintained the gradual declines. Price action pushed lower and is likely to test the support level at 1.1390. A retest of this previously established resistance level for support could potentially stem the declines in the near term. A break down below the support could, however, push the euro currency lower. The next main support is at 1.1300 which could be tested in the near term on a clear breakdown below 1.1390.

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