EURUSD inside a key zone for possible acceleration

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EURUSD has been trading into a sideways structure since the May 5th session, below the 200 SMA at H1 chart, which also adds some pressure to the downside.

However, pair is moving into a key range, because it could start to perform bigger rebounds to reach new highs. In a first degree, if that scenario happens, EURUSD should break the highs made during the last NFP released in the US (May 6th session).

To the south, pair could be looking to break the support level of 1.1328 in order to do a bearish consolidation below the psychological barrier of 1.1300.

MACD indicator is still at neutral territory.

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