EUR/USD: Possible decline to 1.0775 area

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EUR/USD will struggle to get back above the 100-day moving average at 1.0930.

EUR/USD is starting to look quite comfortable below 1.09, and a break below 1.0835/1.0845 support could see a dip to the 1.0775 area.

Of course, with rising US Treasury yields threatening risk assets – and China remaining vulnerable – EUR/USD will struggle to get back above the 100-day moving average of 1.0930.