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The EURUSD has formed a bearish rejection candle on the daily chart which is rejecting resistance. Price during yesterdays session moved only slightly lower and closed near sessions lows.
Price has been in a down trend of late so it would not surprise to see price move lower from this rejection candle and fall back into the recent lows which are the next support area. If price breaks higher we may have a new up trend in the early stages.
EURUSD DAILY CHART
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