| EUR/USD - Breakdown of Bullish Correction Posted: 24 May 2010 08:25 AM PDT  Bearish price action on EUR/USD, a daily chart of which is shown, has begun the new trading week by reversing much of the gains it made during the bullish correction of last week. This occurs within the context of a strong and steep overall downtrend. Monday's price action broke down below the key 1.2500 price level, as well as below a short-term uptrend support line that represented last week's bullish correction. For more technical analysis on this currency pair, please click here for Monday’s (5/24/2010) Chart of the Day.
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