• EUR/USD falls toward 1.1418 base of the 20-day Bollinger bands

• Sep 23 range 1.1421-48 EBS

• Drop stretched as pair about to challenge a key level at 1.1408

• The concurrent drop for oil prices will support EUR/USD

• Test 2026 low at 1.1325 likely on drop below 1.1408

• Rally toward 1.1533 likely if stretched conditions spark reverse

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EURUSD

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