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  • EUR/USD remains entrenched into the negative territory and it has now breached the key support at 1.11 the figure.
  • In doing so, the pair has now exposed a potential move to the area of 2019 lows in the 1.1030/20 band.
  • Further down, the next relevant contention is expected to emerge at May 2017 low at 1.0839.

EUR/USD daily chart