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Morning briefing: EUR/USD is bearish below 1.1300
The EUR/USD continues to face downward pressure as it trades beneath the critical 1.1300 level, confirming a bearish sentiment among traders. The latest technical analysis suggests a potential stop-loss cascade, which could exacerbate selling and further drive the pair lower. This dynamic is particularly relevant as the market adjusts to macroeconomic signals that indicate persistent weakness in the Euro, reinforcing the current market consensus against it.