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EUR/USD Daily Technical Reports

Spot Price: 1.3783
Technical Analysis:
For a third consecutive session prices have found support near 1.3760, allowing the long trade to survive. However, the overbought daily uptrend has lost some momentum and will need to clear the 1.3810 trend high, which was also the MLR today, as well as the Fibo projected top at 1.3820 to avert a deeper correction. Flat failures in the 1.3800-20 range.

The market strategy is Sell at 1.3810














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