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Daily chart analysis indicates that earlier bears were driving the car and seating at the front seat but after arriving at 1.1500 level it bounced back to 1.1843 level with very sharp ‘V’ shape recovery but bulls again could not manage their self and pair slipped to 1.1500 level once again and presently pair is trading at 1.1660 level. It seems like both bulls and bears are fighting and trying to take it at their own side but no one is getting advantage.

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