- The pair is recovering part of the ground lost during last week and is now looking to regain the mid-1.1200s amidst broad-based USD weakness.
- EUR/USD is now facing the next significant at 1.1337, where sits the critical 200-week SMA.
- Despite the ongoing rebound, the view on spot remains negative in the longer run while below the key 6-month resistance line, today at 1.1396.
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