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EUR/USD continues to tumble
EUR/USD is clearly trending lower, with both the short-term and medium-term outlooks marrying up to point to further losses. The current extended nature of this move lower means it makes more sense to await a retracement for entry rather than jumping in now.
However, regardless of entry, a bearish view remains in play unless we see an hourly close above $1.1080. The next key support level is $1.0971.