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EUR/USD – Losses below Asian session low

FX:EURUSD   Euro Fx/U.S. Dollar
47 0 2
Despite Euro’s rebound in Asia from the low of 1.11518, the subsequent failure to take out 1.1173 (23.6% of Friday’s fall) suggests bears remain on control following Friday’s bearish break from 1.12-1.13 range and prices could drop to 1.1121 levels (falling trend line support).

Only a day end close back above 1.12 would suggest bearish invalidation.
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