EUR/USD: Further Weakness Expected After Limited Consolidation

<p><img width="612" height="408" src="https://www.actionforex.com/wp-content/uploads/2020/04/f-eur-usd19.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2020/04/f-eur-usd19.jpg 612w, https://www.actionforex.com/wp-content/uploads/2020/04/f-eur-usd19-600×400.jpg 600w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>Bears are taking a breather just above 2023 low (1.0483) following steep bearish acceleration in past six days (the pair was down 1.7%), as daily indicators fell deep in oversold territory, prompting traders to collect some profits. Overall technical picture on daily chart is firmly bearish and points to further losses, as fundamentals are also […]</p>
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