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  • EUR/USD appears sidelined so far this week, always around the key handle at 1.1200 the figure.
  • While below the 1.1260/70 band – where emerge recent tops and the 55-day SMA – another test of yearly lows in the 1.1100 neighbourhood should stay well on the cards.
  • Furthermore, the bearish outlook on the pair is expected to remain intact below the multi-month resistance line at 1.1310.

EUR/USD daily chart