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  • The near-term EUR/USD chart is seeing stiff support from the 1.1335 region, where the pair bounced late last week, but the upside continues to remain limited as selling pressure keeps the Euro firmly pinned to key levels aimed towards the downside.
  • EUR/USD Forecast: Deja-vu dead cat bounce with Italy’s stagnation exacerbates the situation
  • EUR/USD faces a hard-cap at 1.1390 on any recovery attempt – Confluence Detector


  • Moving further up the timeframes, the Fiber has seen a notable slowdown in downward momentum, rupturing a descending near-term trendline, but a lack of broad-market risk appetite is spoiling any attempts at a bullish recovery.


  • Looking to the H4 candles, the EUR/USD continues to see play in a descending channel, and while the last swing low is currently marking out a support zone, long-term short action sees the Euro setting up for another leg lower as the Greenback remains well-bid in the fx space.


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       Last Price:  1.1342
       Daily change:  -2.0  pips
       Daily change:  -0.0176%
       Daily Open:  1.1344
       Daily SMA20:  1.1481
       Daily SMA50:  1.1581
       Daily SMA100:  1.1598
       Daily SMA200:  1.1881
       Daily High:  1.1388
       Daily Low:  1.1338
       Weekly High:  1.1551
       Weekly Low:  1.1336
       Monthly High:  1.1816
       Monthly Low:  1.1526
       Daily Fibonacci 38.2%:  1.1358
       Daily Fibonacci 61.8%:  1.1369
       Daily Pivot Point S1:  1.1326
       Daily Pivot Point S2:  1.1307
       Daily Pivot Point S3:  1.1276
       Daily Pivot Point R1:  1.1376
       Daily Pivot Point R2:  1.1407
       Daily Pivot Point R3:  1.1426