Equity markets fell under pressure in early trading on Tuesday, leading to a bounce in the dollar and a further decline in EUR/USD which peaked ahead of the 1.1400 price point on Friday.
Support for the pair is seen at 1.1232, and considering the recent upward momentum, buyers are likely to defend the level. In the event the pair breaks below it, the next level of downside interest falls at 1.1176.
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