Euro managed to print below support 1.1380 which may add more drop pressure over market As we see over the chart Daily resistance laying at 1.1480 while targets toward 1.1210 and 1.1065 Above 1.1480 more advance toward 1.1620 and above is likely SUPPORT RESISTANCE LEVEL1 1.1310 1.1480 LEVEL2 1.1210 1.1620 LEVEL3 1.1065 1.1685
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EUR/USD enters the final week of July at 1.1369. Friday's modest decline in energy prices reduced expectations that the Federal Reserve could raise rates as early as its upcoming meeting, scheduled for Tuesday and Wednesday.
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EUR/USD under pressure as fresh downside risks emerge
Looking at the 4-hour chart, the pair settled below 1.1420, the 100 simple moving average (red, 4-hour), and the 200 simple moving average (green, 4-hour). The bears pushed the pair toward the 1.1365 support.