he EURUSD lost significant ground the last two months, as we can see in the monthly chart below. There are no signs that this recent bearish trend may be coming to an end any time soon, so we want to trade in-line with that trend in the days and weeks ahead. Traders should continue watching the daily and 4 hour chart for price action selling opportunities, ideally after a retrace back to resistance. Note, the key upcoming support levels as seen on the monthly chart below, near 1.2750 and further below near 1.2050, if this bearish trend continues we wouldn’t be surprised to see price test these key chart levels in the coming weeks and months.
