EUR/USD Daily Outlook

[Forex-Outlook]

With 4 hours MACD crossed above signal line, a temporary low is in place and intraday bias is turned neutral for the moment. Some recovery should be seen but upside is expected to be limited by 4 hours 55 EMA (now at 1.2649) and bring fall resumption. Below 1.2233 will target 100% projection of 1.3691 to 1.2526 from 1.3093 at 1.1928 next.

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