EURUSD Sell

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The six-week sell-off in EUR/USD continues with the pair printing a fresh three-month low on Wednesday. The chart set-up remains negative, highlighted by the sharp move lower in the 20-day simple moving average (red line) with little support seen until March 31 swing low at 1.1704. This level sits just above the 38.2% Fibonacci retracement level around 1.1695. Below here horizontal support from the November 4 swing low at 1.16025.

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