EUR/USD broke below 1.1780 support and extended its downside movement from 1.1879 to as low as 1.1736. Deeper decline to test 1.1669 support is still possible in the coming days.
A breakdown below this level could take price to the resistance-turned-support trend line on the weekly chart now at 1.1420. Near term resistance is at 1.1820, only an upside break of this level could bring price back to test 1.1879 resistance. Above this level would aim next resistance level at 1.2029.
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