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EUR/USD Technical Analysis

The Euro is starting to appear increasingly weak against the US dollar as the pair starts to settle below the 10,900-support level.

Technical analysis shows that a drop below the 10,850 level could cause EURUSD pair to decline towards the 10,800-support level.

Bulls need to break back above the 10,900-resistance level to start to encourage technical buying again.

The EURUSD pair is only bullish while trading above the 10,915 level, key resistance is found at the 10,980 and 11,050 level.

The EURUSD pair is only bearish while trading below the 10,915 level. Key support is found at the 10,840 and 10,780 levels.

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