Intraday bias in EUR/USD remains on the downside for the moment. Current decline from 1.3993 medium term would extend to 161.8% projection of 1.3993 to 1.3502 from 1.3700 at 1.2906 next. On the upside, break of 1.3297 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.
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