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EUR/USD Intraday: caution. Pivot: 1.1770 Our preference: short positions below 1.1770 with targets at 1.1715 & 1.1685 in extension. Alternative scenario: above 1.1770 look for further upside with 1.1790 & 1.1805 as targets. Comment: as long as 1.1770 is resistance, look for choppy price action with a bearish bias.

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