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At this point, EUR/USD is still holding above 1.2285 minor support and intraday bias remains neutral. On the upside, above 1.2475 will target a test on 1.2555 high, which is close to 1.2516 key long term fibonacci level. We’d be cautious on reversal from there. But decisive break will carry larger bullish implications. On the downside, below 1.2285 minor support will turn bias to the downside for 1.2154 and below to extend the decline from 1.2555.
