The market is still carving out a new lower top on the daily chart which might lead the EUR/USD toward the key support at 1,40 coinciding with the 20 moving average.
The pair has been consolidating a little bit lately ahead of the ECB rate decision on thursday. It will remain under pressure the descending trendline remains resistance. The key level to watch on the up^side is 1,4450 (weekly high).
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