More dollar strength, bonds at crucial levels
EUR/USD: The exit from the bear flag resulted in the sought move down to the key support. However with the key support, B-wave low at 1.2954, violated (broken but yet not sustained) the market took another giant leap forming a more lasting top formation. Short term allow for some further 1.2935/95 congestion and thereafter taking aim at the low end of the 233d ma band/161.8% Fibo projection point at 1.2853.
Click here to read the full report: Technical Alert
SEB