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.

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