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EURUSD Continues To Weaken

The EURUSD fell lower again todayas the recent bearish momentum continued. We can see that this market hasfallen down into some support down around 1.2980 area. However, we have notseen any obvious signs on the 4 hour or daily chart of a price action buysignal or any significant rejection of lower prices. Thus, we are stillfavoring the short-side here and traders can continue looking for price actionsell signals from resistance if the market retraces higher.

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