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EUR/USD still in broader downtrend
The price of EUR/USD fell back sharply yesterday, but as has happened twice this week, it found support around $1.131.
However, sustained rallies have been missing of late, as we saw yesterday with a push to $1.14. A close above $1.142 is needed to break above the recent lower high. Meanwhile, below $1.13 the price will head towards $1.1268 and then $1.1216.