Technical Alert

Weaker JPY & AUD – stronger $

EUR/USD: The exit (with a bearish engulfing candle) from the bear flag (and this time also with a lower high) has most likely set a move in motion that will bring the pair down into the 1.2954/82 key support zone. Bounces will be labelled corrective (and likely capped by the mid body point, 1.3100) and should hence be sold into.

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