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the boarder downtrend is firmly intact

FX:EURUSD   Euro Fx/U.S. Dollar
42 0 1
The broader downtrend remains firmly intact, with the recent topside failure above 1.1300 setting the stage for the next major downside extension towards 1.0900. Look for a fresh lower top in place at 1.1367, while ultimately, only a break back above this level delays the bearish outlook. Any rallies while below 1.1367 are classified as corrective.
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