The euro is easing against the US dollar on Friday morning.

The exchange rate plunged below the 1.15 area and tested the the weekly S2 (1.1438).

The hourly RSI ticks at 12.4 and correction is likely to take place towards the weekly S1 (1.1503).

Above the weekly S1, the 20-hour SMA lies at 1.1540. Then the 55 and 100-hour SMAs combined with the monthly S1, all positioned within 1.1575/85.
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