- The pair has recorded fresh multi-week lows near 1.1120 in the wake of disappointing results from the German IFO for the month of July.
- EUR/USD remains well under downside pressure after recently breaching the key contention area at 1.1181/76.
- That said, a potential test to yearly lows in the boundaries of 1.1100 the figure stays well on the table in the short-term horizon.
EUR/USD daily chart
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