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  • The pair is prolonging the sideline trade in the 1.1280/70 region so far today.
  • As long as the key 200-day SMA, today at 1.1232, caps the upside, further losses to, initially, 1.1181, should remain well on the cards.
  • On the opposite side, a surpass of the 1.1330/40 band should alleviate downside pressure and allow EUR/USD to refocus on monthly peaks near 1.1420.

EUR/USD daily chart