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    EUR/USD: downside bias after break lower

       
    The EUR/USD broke down through a cluster of support at 1.1028 and moved lower. It has now stabilized and is consolidating at the level of 1.0980.

    From an analysis of price action I expect the pair to move lower, with a break below the 1.0952 level, which is just below 61.8% fib line, confirming more downside to a target at 1.0900.
    EURUSD30

       
    The EUR/USD broke down through a cluster of support at 1.1028 and moved lower. It has now stabilized and is consolidating at the level of 1.0980.

    From an analysis of price action I expect the pair to move lower, with a break below the 1.0952 level, which is just below 61.8% fib line, confirming more downside to a target at 1.0900.
    EURUSD30


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