The pricing is caught in a slow negative channel. 1.18 - 1.14 currently. The drop has been painful for trend traders who can't get a lock on this activity. There is a long-term price projection in the channel of 2017 lows (near 1.0480)
We have been in a bear situation with the EUR/USD since May 2018. This isn't going away just yet.
A monthly close below 1.11763 can signal an acceleration to this decline.
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