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Eurusd supported at 1.1590$

The pair has reversed sharply from 1.1740$ to 1.1580$ . The pair is showing some strength at this area.

The pair is firm and trading at 1.1614$ currently with next resistance at 1.1640$ area.

So keep in mind those levels 1.1580$ and 1.1640$ acting as support and resistance respectively.

Below 1.1580$ , the pair would be extremely bearish while bullish above 1.1640$ area.

I recommend not taking any position now and waiting for the pair to trade at any of those areas and initiate a long or short position near the support and resistance respectively.

Remember , Dont rush into trading , wait for a good opportunity and maintain a stop loss and risk reward ratio.

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