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EUR/USD continues to trend lower
The EUR/USD sell-off continues, with price breaking below the crucial $1.0985 support level. A bounce this morning points towards some form of retracement, yet as long as we do not see an hourly close above $1.1058, then a bearish view remains in place.
Downside support comes in at $1.0952 and $1.0912, which are key lows from June and July. Near-term resistance would likely be found at the $1.1000 handle, alongside Fibonacci retracements.