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  • EUR/USD has resumed the downside on Tuesday following yesterday’s mild and unfruitful recovery attempt.
  • The continuation of the down move is expected to challenge yearly lows in the proximity of 1.1100 the figure. While below the multi-month resistance line at 1.1283, the negative stance in the pair is seen unchanged.
  • Occasional bullish attempts should meet initial hurdle in the 1.1185/90 band, where coincide the 21-day and 10-day SMAs.

EUR/USD daily chart