EURUSD sellers have upper hand for the last 3 days in EURO. Now it's approaching a crucial support area of 1.6340. Below 1.6340 more selling will take the pair to 1.1630 and 1.5950. If the pair takes the support at 1.6340 then we may see a profit booking in shorts but it can be a temporary pullback up to 1.16660. We expect more selling pressure in the pair later in the day.
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