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The euro is easing against the US dollar on Wednesday morning European session.
The exchange rate trades at 0930 UTC near the 1.17 level. The weekly pivot point is located at 1.1702.
The hourly RSI ticks at 30.57 with additional scope to tick even lower during today's session if the downside momentum persists.
The lower boundary of the hourly Bollinger bands is located at 1.1710, while the upper at 1.1751.
The next target may lie on the weekly S1 at 1.1635.
The exchange rate trades at 0930 UTC near the 1.17 level. The weekly pivot point is located at 1.1702.
The hourly RSI ticks at 30.57 with additional scope to tick even lower during today's session if the downside momentum persists.
The lower boundary of the hourly Bollinger bands is located at 1.1710, while the upper at 1.1751.
The next target may lie on the weekly S1 at 1.1635.
