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  • EUR/USD stays under heavy selling pressure in the second half of the week and is navigating just pips away from YTD lows near 1.0920.
  • A break below 1.0925 should open the door for a deeper retracement to, initially, 1.0839 (monthly low May 2017).
  • Looking at the broader picture, the bearish view on the pair should persist as long as the 3-month resistance line, today at 1.1057, caps the upside.

EUR/USD daily chart