EUR/USD: Setbacks have accelerated over the past few days and the market looks poised for a deeper drop back towards the recent trend lows from Mid-May by 1.3970. From here, any intraday rallies are expected to be well capped ahead of 1.4350, with a break back below 1.3970 to likely open a fresh downside extension exposing a move towards 1.3500 further down.
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