Price action on EUR/USD, a 4-hour chart of which is shown, has consolidated once again within the context of a strong downside move. After the uptrend breakdown that occurred in the beginning of the month, this currency pair has been characterized by repeated consolidations and then breakdowns of those consolidations. The bearish bias in the pair continues to dominate as price continues to make lower highs and lower lows. For more technical analysis on this currency pair,
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