EURUSD: On a grander scale May probably became the turning pointfor the common currency given that the monthly candlebecame a very bearish key month reversal one arguing formore losses on a 3-4 months horizon. However in theshorter time frame the pair still seem to need moreconsolidation on top of the 233d ma band/55dBollinger/61.8% Fibo support before continuing thedescent.
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