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EUR/USD: Intraday Trade Idea

FX:EURUSD   Euro / U.S. Dollar
502 0 3
Intraday Major resistance - 1.06750

The pair is consolidating between narrow range 1.0600 and 1.0656. It is currently trading around 1.06330.

Any break above 1.06750 will confirms minor bullishness , a jump till 1.0720 is possible .

Break of 1.0720 will take the pair further till 1.0770/1.0800.

Overall bearish invalidation only above 1.0830.

On the downside major support is around 1.0580 ( trend line joining 1.06731 and 1.06168) and break below confirms major trend reversal a decline till 1.0500 is possible .

It is good to sell below 1.0585 with SL around 1.0625 for the TP of 1.0500

or Buy above 1.0675 with SL around 1.0645 for the TP of 1.0720

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