Euro drops on dollar strength

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EURUSD is down over 0.70% intraday. The declines come as the USD is strengthening for the second consecutive day.

Following yesterday’s pullback from the initial decline to 1.0860, the price level near 1.1055 held up amid selling pressure.

This saw the euro currency reversing direction posting a steep fall.

The lower support area near 1.0787 will most likely be tested as support once again.

How do you think the EUR will progress? If you feel confident enough, why not open an account and trade? 

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