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EURUSD moves toward a key area on the daily chart


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The 1.1300-06 area should be a tough nut to crack

The EURUSD is moving toward a key technical area where a trend line and swing levels have stalled the fall (see chart below).   That area should be a tough nut to crack on the first test.

Drilling to the hourly chart below, the low from last week reached 1.131097 – just ahead of that level.
The EURUSD has tumbled lower over the last few hours. Technically, the price moved below MAs (blue and green lines) and trend line support at 1.1355 and 1.1341. The 1.1341 level is risk level for shorts now.   The high on the current bar, seems to have respected the level on a retest. 
 

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