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EUR/USD range trade persists, downside seen if 1.1323 breaks
Action Forex says a break below 1.1323 would extend the decline toward the 1.1175 area.
Action Forex reports that EUR/USD remains in range trading, with intraday bias staying neutral. The outlet says 1.1499 support has flipped to resistance, keeping the risk of further declines.
On the downside, Action Forex points to 1.1323 as a key level, saying a break would resume the fall from 1.2081 and targets include 1.1175. It adds that a decisive break of 1.1499 would instead turn the bias back to the upside.
Latest closeEUR/USD 1.143 ▼0.1%
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Action ForexEUR/USD Daily Outlook
Action ForexUSD/JPY Daily Outlook
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