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Technical analysis for the EUR/USD, the pair reached the first target of the daily and the weekly bearish wave at the 1.272 FIB extension at 1.1445. As we explained in our previous analysis, after the break below the key support at 1.1603, the EUR/USD is heading toward the 0.618 FIB retracement at 1.1285.
The 1.1600 is now a key resistance for the EUR/USD and should be monitored for rejection.
Daily chart:
Weekly chart:
