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EURUSD stretches toward the low from last week and away from 100 day MA. What next?

Join us as we delve into the EURUSD's current price action and uncover its potential for a downside move. The pair is currently approaching the low from last week, indicating a significant level to watch.

A breakthrough below this level, along with the 1.0750 support level from the daily chart, could pave the way for further downside momentum. Traders will closely monitor whether the pair can sustainably stay below its 100-day moving average at 1.0811, as it would reinforce a more bearish outlook from a longer-term perspective.

Stay tuned for valuable insights and key levels to guide your trading decisions!
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