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EURUSD: Looks like bullish trend line with support at 1.1290


EURUSD near the 1.1323 level and traded below the 1.1300 and 1.1280 support levels. More importantly, the pair are crucial bullish trend line with support at 1.1290. There was also a break below the 100 simple moving average and 200 simple moving average and the 50% Fib retracement level of the last major wave from the 1.1183 low to 1.1323 high. Recently, the pair even dipped below the 1.1250 support level and the 61.8% Fib retracement level of the last major wave from the 1.1183 low to 1.1323 high. On the downside, the main support is at 1.1215. If there is a break below the 1.1215 support, the pair is likely to revisit the 1.1180 support area. On the upside, an initial resistance is at 1.1268.

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