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55-DMA caps EUR/USD overnight gains, sub-1.07 levels likely

  • Overnight gains capped by 55-DMA, long upper wick forms on daily candle

  • RSIs biased down & no divergence, yield spread edge further in USDs favor

  • Late April lows near 1.0660 looks very doable now

  • Above 1.1050/60 needed to ease immediate bear pressure

  • Apr 24 low (1.0785) & cloud base (1.0736) lend some support

  • Market Data
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