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EURUSD Tests Parity

EURUSD has tested parity, a key psychological support. Parity also marks the base of a bear channel drawn from the Feb 10 high. This channel has successfully identified the key high/low swing points since early February. A clear break of 1.00 would reinforce bearish conditions and open 0.9994, 1.618 projection of the Jun 9 - 15 - 27 price swing. Firm resistance is at 1.0378, the 20-day EMA.

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