EUR/USD opened 1.0878 after closing 1.0870/80 for third day in a row

It traded in a 1.0871/83 range in Asia and is 1.0880 into the afternoon

EUR/USD bears still in control, but downward momentum is stalling

Market looking ahead to Jackson Hole for a fresh catalyst

EUR/USD trending lower with the 5, 10 & 21-day MAs in a bearish alignment

A break above the 10-day MA at 1.0916 would warn a bottom is forming

Support is at daily lows at 1.0835/45, with 1.0845 the low Friday

Bigger support is at 1.0785/95 where 76.4 fibo and the 200-day MA converge

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