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EUR/USD eyes 50-day SMA
The pair has returned to the lows of 7 October, pushing down to $1.11 and through the vital September low at $1.1123.
A push through $1.11 would put the pair below the rising post-December 2015 trendline, and could see a test of the August low at $1.1042, or even down to the July low at $1.0950.
Any bounce needs to get back above the 200-day simple moving average (SMA) at $1.1170 and then clear the 50-day SMA at $1.1205.