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Ready to bounce lower.

• EUR/USD short-term bullish pressures are
slowing down. Hourly resistance can be found at
1.1910 (02/08/2017 high) while hourly support
lies at 1.1613 (26/07/2017 low). Expected to show
renewed bearish pressures.

• In the longer term, the momentum is now
turning largely positive. We favour a continued
bullish bias. Key resistance holding at 1.1871
(24/08/2015 high) has been broken while strong
support lies at 1.0341 (03/01/2017 low).