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In this brief market commentary, Vladimir Ribakov analyses the EUR/USD pair, highlighting a clear bearish momentum. He notes a series of lower highs and lower lows on the price chart, indicating a downtrend. Ribakov identifies an ABCD corrective pattern that has broken its low, confirming the continuation of the downtrend. The MACD indicator also shows lower lows, reinforcing the bearish bias. Based on this confluence of price structure and momentum indicator, he advises traders to adopt a "sell the rallies" approach, i.e., to look for short opportunities on pull‑backs rather than buying on dips.

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