The EUR/USD is still in a very Bearish trend !
When this currency pair moves below 1.2500 level then it may open the door to severe sell down.. I would continue to look for selling opportunities as long as the pair remains below the 1.30933 high of May 10th.2010 on Monday US Session. The EURO 90 Billion bail out package has so far failed to impress Traders/Investors, so we should EXPECT very high volatility in the following TRADING weeks.
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