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EUR/USD looking bearish after recent breakdown
EUR/USD fell below the critical $1.1574 support level last week, breaking out of a three-week range for the pair.
This points towards a likely continuation of the bearish trend that took hold throughout April and May. With that in mind, further downside looks likely, although a break through $1.1610 resistance would point towards a short-term rebound to retrace the sell-off from $1.1744.