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EURUSD Rejects from Near-term support | June 12, 2017



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Eurusd has found some support at 1.1160-70. This zone is acting as good support for this pair as we can see on the chart. This pair respected this zone for several times. So we can use this level for taking our buy entry and putting SL below this level. Above this level, this pair is gaining bullish momentum and looks for a new high in this week.

If this pair can break this pair, then we should look for sell entry on this pair. For sell target will be next support level at 1.1110 level. Another break of this 2nd support can lead this pair more down towards 1.1000 level. 

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