Usually by the end of the month, pairs tend to correct against dominant trend, as traders book profits. Not the case of the EUR/USD that nearing London close sunk to a fresh yearly low at 1.2335. With a monthly high at 1.3283, the pair felt near 1000 pips this May, and the bearish trend, holds in place: a daily descendant trend line from mentioned high is located at 1.2560 today, near 200 pips from current price, and unless a break higher, the upside potential will remain limited.
