EUR/USD: Monday’s bearish price action helps to reaffirm outlook, and a fresh lower top below 1.2925 could now be in place by 1.2780. Look for confirmation on a break below 1.2585 over the coming sessions, while ultimately, only back above 1.2925 would negate and give reason for pause.
Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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