Eurusd has rejected from downward trend line as we can see on the chart. This pair has rejected from upper line of the upward channel. So here we can get some downward movement on this pair.
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On H4 chart, we can see big bearish candle which indicates big bearish pressure on this pair. So if this pair can hold this pressure, then big fall is coming. The first target can be 1.0707. On that level, there is little support, so if support breaks, then more fall expected towards 1.0600-20 support level.
On the upper side, 1.0800-30 level can be strong resistance for this pair. If any break on upside can be seen, then we need to stay in bullish mode.
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