© Dukascopy
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Daily
maximum: 104.12
The market participants' mean target at 103.98 has been breached as the pair commenced a bearish reversal as the Japanese Yen is dominating within the pair on intensifying hopes the regions' financial conditions are getting worse. Investors should take into consideration the resistance levels at 104.36, 104.67 and 105.30 and the third support line at 102.78. The daily market outlook remains neutral.