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EUR/USD Intraday: key resistance at 1.0985.
Pivot:
1.0985
Our preference:
Short positions below 1.0985 with targets at 1.0940 & 1.0925 in extension.
Alternative scenario:
Above 1.0985 look for further upside with 1.1005 & 1.1025 as targets.
Comment:
As long as the resistance at 1.0985 is not surpassed, the risk of the break below 1.0940 remains high.
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