Price action on EUR/USD, a daily chart of which is shown, continues to sit right on top of support around the 1.2500 price region. A convincing breakdown of this support has not yet occurred within the past several days. Price is also entrenched within a small parallel downtrend channel, as shown on the chart. The outlook for this pair continues to be overall bearish. An eventual breakdown of the 1.2500 and then 1.2330 levels should confirm this bearishness.
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