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  • EUR/USD is gradually grinding lower, putting the 1.1150 region under further pressure today.
  • The bearish view on the pair is expected to persist while below the multi-month resistance line at 1.1281 and the Fibo retracement of the 2019 drop at 1.1284.
  • Occasional bouts of buying interest are seen facing interim resistance in the 1.1180/85 band, where converge weekly highs and the 10-day/21-day SMAs.

EUR/USD daily chart