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EUR/USD takes another leg lower
EUR/USD has continued its downward progression, with sellers firmly in charge after a rebound over the weekend.
The pair has recovered a sequence of lower highs since the middle of February, and with momentum so heavily oversold intraday, a rebound looks possible. However, the pair will need to break firmly above $1.24 to signify that the weakness has come to an end, and as a result the overall picture remains bearish.