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EURUSD analysis! EURUSD broke below the support trendline and | FBS Analytics

EURUSD analysis!

EURUSD broke below the support trendline and retested it from below. Currently, the price is approaching the 1.0530 level — the recent low. If EURUSD slides below this support, it will decline to 1.0500.

Moreover, traders should closely observe the price's reaction to 1.0500 support. The price may bounce off this level and bounce to 1.0570 or break below and fall to 1.0450.

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