Making moves on the Forex market today, the rate of EURUSD has extended its downside movement from 1.1139 to hit as low as 1.0844.
Expect more room for a possible further decline following a minor consolidation. This movement has eyes on the next target of 1.0800. Dropping below this level could set sight on the 1.0723 support.
On the other hand, an immediate resistance is located at 1.0910. Surpassing this level might trigger another rise, this time gearing up to retest the 1.0998 resistance line.
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