EURUSD stays in a trading range between 1.2734 and 1.2932. Key resistance is at 1.2932, a break above this level will confirm that a cycle bottom has been formed at 1.2734 level on 4-hour chart, then further rally could be seen to 1.3000 area. On the downside, below 1.2734 will indicate that the downward move from 1.3333 has resumed, then next target would be at 1.2600 area.

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