Yesterday the EURUSD fell for the straight third day and closed in the red near the low of the day with a narrow range a sign that the downward pressure is slowing.
The currency broke below the 50-day moving average at 1.1163 (Support) suggesting that the downward momentum is still in place.
The next key levels to watch are 1.1237 (resistance), the 50-day moving average at 1.1163 previous support now resistance, the 1.1097 (Support) and the 200-day moving average at 1.1082 (Support).
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