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EUR/USD falls below 1.1465, bears push toward 1.1359

The euro also slipped under its 4-hour 100 and 200 simple moving averages, setting immediate upside resistance at 1.1420.

Reported · Written up by our desk · Major Pairs

EUR/USD extended its decline against the US dollar, breaking below 1.1465 support and settling under 1.1450 on the 4-hour chart, according to Action Forex.

Bears pushed the pair below 1.1380, forming a low at 1.1359 before the market shifted into a consolidation phase, with immediate resistance cited around 1.1420 to 1.1425.

On the upside, a move back above the 1.1425 area could trigger a recovery attempt toward 1.1455 and potentially 1.1500, while staying below 1.1450 leaves room for renewed selling toward the 1.1360 zone.

Latest closeEUR/USD 1.122 ▼0.3%

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