EUR/USD Mid-Day Outlook

[Forex-Outlook]

Intraday bias in EUR/USD remains on the downside with 1.2881 minor resistance intact. Rebound from 1.2526 should have completed at 1.3093 already and further fall should be seen to retest 1.2526 low first. Though, decisive break there is needed to confirm down trend resumption or we'd likely see more sideway consolidations first. On the upside, above 1.2881 minor resistance will bring another recovery but we'd continue to expect strong resistance at 1.3114 to limit upside.

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