The EURUSD pair has been consistently making lower highs, indicating a loss of bullish momentum. This pattern suggests the potential for a breakdown below the current support, eyeing a move towards the major support zone. Traders should watch these levels closely for signs of continued bearish movement.
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EURUSD has indeed crossed down past the support zone and traversed most of the path we anticipated. It's gratifying to see our analysis come to fruition as the pair approaches our projected levels.
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The breaking of the 1-Hour trendline suggests more fall for EURUSD.