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ECB sends EUR/USD tumbling
EUR/USD has broken lower, following an attempt to push upwards throughout the first week of the month. Even so, this looked like it would have been seen as a retracement before another sell-off.
However, with the European Central Bank (ECB) meeting helping drive EUR/USD lower, there is a good chance that we will not see that protracted rebound come into play. That being said, we would need to see a break below $1.1510 to further this bearish case, and until that happens there is still a chance of a rebound over the short term.