EUR/USD Daily Outlook

[Forex-Outlook]

As short term bottom is in place at 1.2425 and some more consolidations would be seen in EUR/USD first. Nevertheless, we'd expect upside to be limited below 1.3114 support turned resistance and bring fall resumption. Below 1.2706 minor support will flip intraday bias back to the downside. Further break of 1.2526 will target key support level of 1.2329 next.

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