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EUR/USD continues to respect trendline resistance
EUR/USD remains within a falling wedge pattern, with the price moving lower from trendline resistance this morning. While this is a bullish pattern, we would need to see an hourly close above $1.1790 to restore the bullish outlook.
Until then, there is a chance we could see further short-term downside, with the $1.1715, $1.1689, and $1.1662 support levels coming into view.