This continues the technical predicament from last week: EUR/USD feels the inevitable pull towards 1.0500 nextThe drop yesterday was a notable one as we finally see EUR/USD crack below the 1.0500 mark. It has been a key technical support level to the downside, stretching all the way back to last year. In October 2023, the pair did fall to a low of 1.0448 but on the weekly chart, it held a close above the 1.0500 mark.And that brings us to where we are in trading this week. The break under 1.0500 yesterday was a good first step for sellers to go in search of a stronger downside momentum. But they will need to secure a weekly close below the figure level to confirm that. This also now calls int
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