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EUR/USD drifts towards key support
EUR/USD continues to move lower, as it approaches the crucial $1.1109 support level. The break below there would provide a bearish picture for the short term. However, given that we are trading within a falling wedge, there is a good chance that we will see a break higher soon enough.
Ultimately it seems to be a case of which will come first, a break below $1.1109 would point towards any bounce, but is as likely a precursor to further downside.