The EURUSD Continues to Weaken

FX:EURUSD   Euro / U.S. Dollar
Last post: May 24th. See chart.

Review: Price had established a bear trend below the daily 200sma and the round number 1.2000.

Update: Price has since weakened further but is approaching key support levels including the weekly 200sma.

Conclusion: Standing aside for now until support levels are confirmed as resistance levels and when we will look to place short trades.

Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!

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