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  • Despite the rebound from Tuesday’s YTD low at 1.0879, occasional bullish attempts in EUR/USD are expected to lose momentum in the mid-1.0900s for the time being.
  • That said, a breach of the 1.0880 region should pave the way for a move lower to the May 2017 low at 1.0839.
  • On the broader scenario, while below the short-term resistance line, today at 1.1043, the negative outlook in the pair is seen unchanged.

EUR/USD daily chart