EUR/USD now kissing second rising trend line

I had taken note of the two rising trend lines on the daily chart earlier today at EUR/USD – Tale of two trend lines

The first trend line was breached earlier today and now the pair is flirting with second larger trend line support.

Daily chart

Screenshot_8.png

Next support and a strong one is 1.11 (daily 200-MA). A break below the same would establish lower highs and lower lows formation.

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