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EUR/USD looks to turn lower once again
EUR/USD has been gradually regaining ground throughout the back end of Friday and beginning of trade today.
However, this looks to be on borrowed time, with the recent downtrend likely to kick in once again. The current candle raises the likeliness of a bearish engulfing formation, pointing towards a potential breakdown from here. As long as we do not break back up through $1.2210, a bearish outlook remains.