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EURUSD Caps Bull Pressure, Weakens On Pullback

EURUSD: With the pair backing off higher prices ton close flat on rejection candle on Wednesday, further decline is envisaged. Resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 level. Its daily RSI is bullish and pointing higher suggesting further strength. Conversely, support lies at the 1.1700 level where a violation will aim at the 1.1650 level. A break of here will aim at the 1.1600 level. Below here will open the door for more weakness towards the 1.1550. All in all, EURUSD faces further corrective weakness threats.

EURUSD Caps Bull Pressure, Weakens On Pullback

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