- EUR/USD beraks below 100 DMA support at 1.1140, could target 1.1105 (base from Sept 23)
- Doji on Tuesday and inability to break cloud base resistance at 1.1260 on Wednesday confirms further downside
- Heading into the European session, EUR/USD is trading around 1.1150, after a brief drop below 100 DMA at 1.1140
- Immediate resistance is seen at 1.1173 (200 DMA), and further at 1.1200, while cloud base at 1.1260 is seen as a strong resistance zone
- Supports on the downside are initially at 1.1140 (100 DMA), and then 1.1100 (trend line support)
- If the pair breaks below 1.1100, next bear targets are 1.1088/90 (double base Sept 3/4) and then 1.1022 (76.4% of July/Aug rally)
- A raft of final manufacturing PMI reports from across the Euro zone will dominate the otherwise quiet EUR calendar
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