- The pair stays on the defensive so far this week, eroding further the rebound seen during the second half of last week to the 1.1200 handle and beyond.
- Immediately to the upside emerges the next target at recent peaks near 1.1220. This hurdle is reinforced by the Fibo retracement of the 2019 drop at 1.1216.
- Further out, the negative view on EUR/USD remains unchanged while below the multi-month resistance line, today at 1.1264.
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