We are still strongly bearish on EURUSD

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We remain strongly bearish on EUR/USD, and the pair is expected to continue its downward movement next week. USD news is likely to come in relatively strong, adding further pressure to EUR/USD. Additionally, global uncertainty continues to weaken EUR/USD even more. Last week, I posted that EUR/USD would drop while many were calling for an upward move. I see the same scenario playing out this week. Stop trying to catch a reversal—stick to the trend and follow the fundamental news.