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By analyzing the daily technical chart pair is turning back to south side as profit booking is going on in the pair. Well we have a strong rally from 1.2545 level to 1.3370 level and it now we can see some retracement is going on . The intraday traders can go for short as pair may test the 1.3056 level and 1.2955 level which are the 38.2% and 50% of fibonacci retracement support.

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