The cross has sharply decreased after a failure to clear 1.0719 top forming a double top pattern. A break below 1.0524/32 (April 8 low pivot & retracement) would prolong this trend toward the next medium term support at 1.0417 (retracement & medium term support line). A break below this threshold would accentuate the bearish potential for the coming weeks. The initial resistance lies at 1.0627. Short –Stoploss @ 1.0628 – Target @ 1.0421.
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Natixis