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The EURUSD pair traded downward breaking through the important level of 1.1780.

Sales can be considered at 1.1775 with a stop at 1.1820.

However, if we look at the big picture, it looks like a correctional decline and nothing more.

Nevertheless, I expect strong support for the euro at 1.1695 and an upward reversal.

Prepare to buy from 1.1835 and, possibly below if new levels are formed.

The material has been provided by InstaForex Company – www.instaforex.com

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