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Forex pairs in this Article » EUR/USD
FXstreet.com (Córdoba) - The EUR/USD fell to fresh lows at the beginning of the New York session as the 1.3625/20 support zone gave up, paving the way toward 1.3600.

The EUR/USD came under renewed pressure and extended losses to a fresh 1-month low of 1.3604 so far. At time of writing, the EUR/USD is trading at the 1.3615 zone, recording a 0.4% daily decline, its third in a row.

EUR/USD technical outlook

"The EUR/USD hourly chart shows price accelerating lower, caped below its 20 SMA as indicators stand flat below their midlines. In the 4 hours chart technical readings present a strong bearish momentum, while price extends below its 200 SMA flat around 1.3650 now acting as dynamic resistance", said Valeria Bednarik, chief analyst at FXstreet.com, who places next supports at 1.3605, 1.3570 and 1.3530. On the other hand, resistances are seen at 1.3650, 1.3680 and 1.3710.
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