• Thursday's low at 1.1307 EBS is lowest since May 26 2025

• EUR/USD falls below 100-WMA (1.1355) for 1st time since Mar 2025

• Pair rose from 1.08 toward 1.21 on break above 100-WMA last year

• 78.6% of May 2025-Jan 2026 rise 1.1065 to 1.2084 is 1.1283

• Drop toward 1.1065 may follow any fall below 1.1285

• The stronger yuan could reshape the $13 trillion global reserve mix

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EURUSD weekly chart

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)