The daily chart for the EUR/USD pair favors a downward extension. The pair has extended its slide below all its moving averages, and the 20 Simple Moving Average (SMA) heads firmly south between the longer ones, reflecting the increasing selling momentum. At the same time, technical indicators gain downward traction within negative levels, without signs of downward exhaustion and with room to extend their slides. EURUSD BUY : 1.06980 TARGET : 1.08000
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