EUR/USD Mid-Day Outlook

Intraday bias in EUR/USD remains on the upside for 1.2537 high. As noted before, pull back from there should be completed at 1.2205 already. Decisive break of 1.2537 will resume larger up trend and target 100% projection of 1.0569 to 1.2091 from 1.1553 at 1.3075. In any case, for now, as long as 1.2205 support holds, outlook will remain bullish.

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Posted in Forex Market.

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