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The Euro suffered punishing losses in the first quarter of 2022. The currency is on pace to shed almost 3 percent against an average of its major counterparts, marking the worst three-month performance in 7 years. Taken together with losses in the second half of last year, the Euro is poised to give up nearly 4.5 percent over the course of nine months.



Daily/Weekly price is located far below 200 SMA in the bearish area of the chart: the price is trying to break the bearish triangle pattern by crossing 1.0805 support level to below for the strong primary bearish trend to be continuing and with 1.0757 nearest target to re-enter.

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