The EUR is facing some slight bullish pressure at 1.0600 psychological level. However, rebound may be limited and may face a capped at 1.0710 resistance. As long-term MACD still shows bearish downturn and mid-term stochastic still has yet to show clear oversold crossover signal, we think major buying rebound is likely to be at 1.0580 or lower deeper support at 1.0437.
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