EUR/USD price action has descended to approach support in the 1.2800 region, but has stalled above this support as of Tuesday morning. This level was noted both on Monday’s Chart of the Day and right here on this blog. Any strong subsequent breakdown below this 1.2800 support could target further key support in the 1.2550 region, potentially on its way towards extreme support around the 1.2330 long-term lows.
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