EURUSD Pullback

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On Friday, we analyzed the key levels for EURUSD.

The pullback is ongoing, and the pair has already hit the first support at 1.1040.

This marks the 38.2% Fibonacci level, so we may observe the price reacting to or even bouncing off this point.

If the decline persists, the next key support level will be 1.0939.

Short-term selling opportunities may arise if the price fails to break above 1.1100.

Currently, there are no entry opportunities at the present price level.

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