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EUR/USD - a bearish development on the way?
It doesn’t seem like there is an abundance of positive momentum in EUR/USD at present. The pair has been treading water for around a month now, with the upward momentum of April and May fizzling out.
As noted yesterday, a move below $1.1109 is the really bearish development, so we will watch today if a bounce can materialise to keep the price off the lows of last week around $1.1172.