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EURUSD extends further losses

EUR
  • EURUSD remains under some pressure after breaking the 50 day MA that was at 1.0907, not broken since November.
  • Next immediate support will be seen at 1.0877 Low Jan 5 05 and a key short-term support.
  • Below the latter some will look at the 200d MA at 1.0848.

Chart source: MNI/Bloomberg

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