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Short

EUR/USD watch out for 1.08250 for further weakness

FX:EURUSD   Euro/U.S. Dollar
977 0 7
Major support - 1.08250 (Resistance turned into Support)

The pair has made a high of 1.0980 and started to retreat from that level. It is currently trading at 1.08340.

Any break below 1.08250 will drag the pair down till 1.0800/1.0750/1.0700.

Overall trend reversal only above 1.100 level. Above 1.100 it will take the pair to next level 1.10350/1.1070/1.1100.

The pair’s minor resistance is around 1.08650 and break above targets 1.0900/1.09500/1.09800.

It is good to sell only below 1.08250 with SL around 1.0870 for the TP of 1.0760/1.0700
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