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EUR/USD Technical Analysis: Bearish view persists below 1.1256

  • The price action around the pair remains fragile so far this week, trading closer to yearly lows in the proximity of 1.1100 the figure.
  • In the meantime, last week’s tops in the 1.1215/20 band in combination with the key 55-day SMA at 1.1226 emerge as the next hurdle of relevance in case the buying interest resurfaces.
  • However, the offered stance on EUR/USD remains unchanged while below the multi-month resistance line, today at 1.1256.

EUR/USD daily chart

 

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