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EUR/USD is approaching 1.0783. We expect either a breakout through this line, or a rebound.

The movement of EUR/USD towards 1.0783 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 12 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.

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