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EUR/USD facing more reductions
Further declines here have put the pair back below the low seen a week ago at $1.0521. Now there is little support until the price moves to $1.04450 and then $1.0370.
Overnight gains faltered below $1.0560, so this is the first area to watch, but, realistically, the bulls will need to get the price back above $1.06 to suggest the downward move is in order.