The EUR/USD pair has retreated from the mentioned high and is currently trading below the 23.6% retracement of its latest daily slump at 1.0840. The 4-hour chart shows that the price remains above a mild-bearish 20 SMA, although well below the 100 and 200 SMA. Technical indicators, in the meantime, remain within positive levels but losing bullish strength. Given the upbeat sentiment, chances of a downward move are limited. 1.0800 is the immediate support while bulls make give it another try on an extension beyond the mentioned daily high.
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