The EUR/USD moved lower on Monday, erasing much of last week’s gains. However, the pair found support near a key swing area between 1.0448 and 1.0461, where buyers stepped in to halt the decline. This level remains a critical support zone for the pair.Following the bounce, EUR/USD climbed back toward the 200-hour moving average (1.05106) but faced renewed selling pressure at that level. For the bulls to regain control, the pair would need to break above both the 200-hour moving average and the 100-hour moving average (1.05354). Earlier in the day, the 100-hour moving average was broken and retested twice, with sellers successfully defending the level on both occasions. As long as the price s
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