- EUR/USD struggles for direction around the 1.0700 neighbourhood.
- Bouts of weakness should meet initial support near 1.0650.
EUR/USD trades in an inconclusive fashion around the 1.0700 region on Thursday.
In case the downward bias picks up extra pace, the 55-day SMA at 1.0645 should offer temporary contention prior to the weekly low of 1.0495 (October 13).
In the meantime, while below the 200-day SMA at 1.0801, the pair’s outlook should remain negative.
EUR/USD daily chart
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